Support Level

RECENT NEWS
New York Times  May 22  Comment 
Former Gov. Mike Huckabee, the Republican from Arkansas who is running for president, has come to the defense of the former director of the conservative Family Research Council’s lobbying group who resigned this week amid allegations that he had...
The Hindu Business Line  May 22  Comment 
With sugar mills set to close for the season in Uttar Pradesh and prices still depressed, sugar mill owners are looking for State Government support to clear the dues owed to farmers.
Market Intelligence Center  May 22  Comment 
Materials Select Sector SPDR (XLB) traded between $50.87 and $51.28 before closing at $51.18 Thursday and presents some attractive trading opportunities today. MarketIntelligenceCenter.com's algorithms have picked a Sep. '15 $51.00 covered call...
Benzinga  May 21  Comment 
In 2013, the U.S. government warned over 3,000 private sector companies that their computer systems had been hacked and some of their data compromised. However at that time, many firms were reluctant to come forward and reveal the breach to the...




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