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http://www.mysmartrend.com/news-briefs/news-watch/medquist-medq-breaks-through-support-781
SmarTrend has detected shares of MedQuist (NASDAQ:MEDQ) have bearishly opened below the pivot of $8.05 today and have reached the first level of support of $7.81.
Should the shares continue to fall, we are monitoring the next support pivots of $7.69 and $7.33. Also, the shares are currently trading below the 50-day moving average of $8.75 and should find support at the 200-day moving average of $7.53.
SmarTrend, our proprietary pattern recognition system, alerted subscribers to sell shares of MedQuist on June 01, 2010 at $8.11. Since the call, the stock has fallen 3.9%.