Support Level

Benzinga  7 hrs ago  Comment 
Shares of El Pollo LoCo (NASDAQ: LOCO) appear to be trading around inflection point, looking to make support at the $30 level following a sharp decline beginning Tuesday. El Pollo Loco shares gaped down at Wednesday's market open, testing a...
Cloud Computing  9 hrs ago  Comment 
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Market Intelligence Center  Aug 21  Comment 
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Times Online  Aug 21  Comment 
Public support for UK airstrikes on Islamist militants in Iraq is slowly growing, it has emerged, as ministers faced accusations...
Banking Business Review  Aug 21  Comment 
American banking and financial services company Well Fargo has launched a new Startup Accelerator programme to support firms that develop financial technology (fintech) products.
SeekingAlpha  Aug 21  Comment 
By Dean Popplewell: By Stuart McPhee Gold for Thursday, August 21, 2014 Over the last few days, gold has been easing lower back towards the medium-term support level at $1290 which is where it presently finds itself resting. A couple of...
DailyFinance  Aug 20  Comment 
Government of Canada provides financial support to the Acadian and Francophone communitySUMMERSIDE, PRINCE EDWARD ISLAND -- (Marketwired) -- 08/20/14 -- Canadian Heritage The Honourable Steven Blaney, Minister of Public Safety and Emergency...
Cloud Computing  Aug 20  Comment 
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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]


  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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