Lexmark International Inc Nears 50-Day Moving Average

This morning, the leading printer maker Lexmark International Inc (NYSE:LXK) is declining lower by $3.00 to $46.44 a share. Traders and investors should note that Lexmark International Inc stock is now approaching the 50-day moving average at $45.37. This area will be near term support for the stock should the level get tested today. There will also be more daily and intra-day chart support around the $44.30 level. Lexmark International Inc stock pivoted around the $44.30 level on June 12, 2014 before breaking out to new highs. These former pivot levels will be support for Lexmark International Inc stock when retested.

Nick Santiago

InTheMoneyStocks