SanDisk - S&P 500 Worst Performer

Published on Friday, 27 August 2010 12:48 Written by Danny Miller

New York, August 27th (TradersHuddle.com) - The S&P 500 index is higher trading at 1060.55, which represents 1.27% versus its previous close. The broad market index is having a mixed day with slightly more than 50% of the S&P 500 components trading higher.

Freeport-McMoRan (NYSE:FCX) is the S&P 500's top performer this morning with the stock trading at $70.52 representing 5.08% versus the previous trading session. Shares of Freeport-McMoRan, the largest publicly traded copper producer in the world have defined support at $65.71 and resistance at $74.30.

Lincoln National (NYSE:LNC) is also among the top performers, and it is trading at $22.59 representing 4.98% from its previous close. Lincoln National, the insurer and wealth asset Management Company has calculated support and resistance levels at $20.65 and $26.83 respectively. The other top performer this morning is Huntington Bancshares (NASDAQ:HBAN), which is trading at $5.43 representing 4.8% from the previous close.

The S&P 500's worst performers include SanDisk (NASDAQ:SNDK) that is trading at $34.35 or -4% from the previous close. Shares of SanDisk, the provider of flash data storage products have defined support at $40.77 and resistance at $44.99. Also among the worst performers Tiffany (NYSE:TIF), which is trading at $40.38 representing -3.95% from the previous trading session.

Benchmark crude for September delivery is also trading higher at $73.46 a barrel on the New York Mercantile Exchange higher by $-0.97 from the previous trading session.

The S&P 500 is underperfoming the Dow Jones but is pretty much equal with the NASDAQ composite. The Dow Jones Industrial Index is currently trading at 10117, which represents 1.31% from previous close, the NASDAQ on the other hand is trading at 2143.72 that represents 1.18% from previous close.