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C. H. Robinson Closing in to Support |
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Written by Danny Miller
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Monday, 08 February 2010 21:31 |
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New York, Feb 8th (TradersHuddle.com) - Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) are trading
very close to calculated support at $51.16 with current price action closing at just $52.08 places
the stock price near levels where traders will start paying attention. C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) provides multimodal transportation services and logistics solutions. The Company provides a variety of logistics services, such as fresh produce sourcing and freight consolidation. C. H. Robinson's current stock range is defined by current calculated support defined at $51.16 and by the
resistance level at $60.25, which should be used by traders planning their trades. Traders wanting to establish a position should place close attention to C. H. Robinson's price action, and establish
a position as close to support as possible, but only after buying materializes. Traders should understand that the resistance
point at $60.25 might limit their upside, however if the stock breaks resistance, it could be a good point to add to the position.

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