Support Level

RECENT NEWS
The Economic Times  6 hrs ago  Comment 
Raghuram Rajan has dismissed the notion that the rural employment guarantee programme is behind the massive spurt in wages in rural areas.
New York Times  Aug 16  Comment 
Gov. Rick Perry and Senator Ted Cruz spoke at the RedState Gathering in Fort Worth this month and both received enthusiastic support from attendees, highlighting a growing tension in Texas politics.
DailyFinance  Aug 15  Comment 
WINNIPEG, MANITOBA -- (Marketwired) -- 08/15/14 -- The Honourable Shelly Glover, Minister of Canadian Heritage and Official Languages and Minister Responsible for Manitoba, on behalf of the Honourable Ed holder, Minister of State (Science and...
Market Intelligence Center  Aug 15  Comment 
After closing Thursday at $55.62, Agilent Technologies Inc. (A) presents an attractive opportunity to get a 4.52% return in just 99 days, which is an annualized return of 16.68% (for comparison purposes only). To enter this trade, sell one Nov....
Market Intelligence Center  Aug 15  Comment 
MarketIntelligenceCenter.com’s patented option-trade picking algorithm found two trade ideas on Akamai Technologies Inc (AKAM) today after it traded between between $58.53 and $59.10 before closing at $59.01 on Thursday. For more conservative...
Market Intelligence Center  Aug 15  Comment 
After Thursday’s trading in WellCare Health Plans Inc (WCG) MarketIntelligenceCenter.com's patented algorithms uncovered a trade that offers a 5.08% return or 14.60% on an annualized basis (for comparison purposes only), while providing 8.49%...
New York Times  Aug 15  Comment 
The unanimous endorsement came at a meeting in Brussels on the crisis in northern Iraq where Islamist militants have besieged towns, and the Kurdish and Yazidi minorities.
The Hindu Business Line  Aug 15  Comment 
Hours after Prime Minister Narendra Modi stressed the need to transform India into a 'Swachh Bharat', Oriental Bank of Commerce (OBC) announced a new CSR initiative towards this end. This...
Cellular News  Aug 15  Comment 
Fitch said that the downgrade reflects its view that state support for TN has weakened. TN's standalone credit profile has deteriorated with no significant evidence of government support. Click here for more.




RELATED WIKI ARTICLES

Related Articles

 
TOP CONTRIBUTORS

Support level

Support level is the price level, which, historically, a security has had difficulty falling below. Typically, the support level can be thought of as the level at which many buyers tend to enter a security. [1] Support levels are often used in technical analysis.

The original low price level becomes a support area because investors will believe that prices will again rise above that level. [2] This means the price is more likely to "bounce" off this level rather than break through it. However, once the price has passed this level, by an amount exceeding some noise, it is likely to continue dropping until it finds another support level. [1]

From 14c., from, bring up, up from under, portare "to carry." Sense of "that which supports" is from 1560s. [2]

References

  1. Wall Street words: an A to Z guide to investment terms for today's investor By David Logan Scott ISBN-10: 0618176519 pg367
  2. A Random Walk Down Wall Street: The Time-Tested Strategy for Successful Investing By Burton Gordon Malkiel ISBN-10: 0393062457 pg107
Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki