NICE Systems gaps down after lowering guidance, levels to watch

The shares have broken below the 10-day moving average and have taken out the most recent pivot low from mid-July. At current price, the share are down over 10%. When the company reported results this morning, it lowered 2012 EPS to $2.28 to $2.38 per share. The previous range was $2.32 to $2.50. Support is now at $31.26, a prior weekly pivot low. Resistance is at $32.85.