Support Level

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$32,16 - Thursday close $30.51 - Intraday high as of 10:58 AM $29.55 - Current price as of 10:58 AM $29.43 - August 4 low $29.30 - Current price as of 10:58 AM $29.25 - Intraday low/current price as of 10:58 AM $28.57...
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Federal Reserve officials sought to reassure a group of labor activists that the central bank isn’t going to cool down the economy just as a stronger labor market is reaching a broader swath of Americans.
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$47.74 - Wednesday high $47.28 - Current high as of 12:54 PM $47.08 - Current price as of 12:54 PM $46.77 - Wednesday close $46.59 - Tuesday low $46.50 - August 18 low $46.45 - Wednesday low $46.42 - Current low...
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Active blenders’ participation in good liquoring varieties has lifted tea prices at the Kochi auctions this week. The CTC dust market opened ₹2-4 a kg dearer and appreciated further to the tune of ₹5...
The Economic Times  Aug 25  Comment 
Put unwinding was seen at strike price 8,500 (5.8 lakh contracts shed), followed by 8,200 (1.3 lakh contracts shed) and 9,000 (1.65 lakh contracts shed).
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Saudi-led bombings of medical facilities and schools have caused Doctors Without Borders to scale back its efforts, and have caused Congress to put the Obama administration on notice.
Automotive World  Aug 24  Comment 
 BusWest, a Thomas Built Buses dealership located in Woodland, Calif. is now Thomas Built Buses’ newest Platinum Support certified dealer. The team at BusWest underwent rigorous training and dealership improvements in order to increase...




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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
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