February 17, 2012
Shares of T Rowe Price (NASDAQ: TROW) have established a steady uptrend, with only minor setbacks, since reaching a correction low back in early October, 2011.
That low, at just above $45 a share, was a strong support level, having stopped the 2010 correction with a double bottom in July and again in August.
T. Rowe Price Group, Inc. is a financial services holding company that provides investment advisory services to individual and institutional investors in sponsored mutual funds and other managed investment portfolios.
TROW should continue higher, with minor corrections, until it reaches the $68 level. From $68 to $70, TROW will be dealing with all-time highs and strong resistance.
Current support is at $56.50 a share.
The Fibtimer.com (http://www.fibtimer.com) Stock Timing Strategy does not currently hold a position in T Rowe Price.
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