Trading Idea: Is PowerShares QQQ Breaking Out?

qqq New York, March 5th (TradersHuddle.com) - Shares of PowerShares QQQ Trust (NASDAQ:QQQ) closed the session at $64.92 just above calculated resistance at $63.86 effectively breaking out grabbing the attention of momentum traders, which could eventually push the stock to different trading range

PowerShares QQQ Trust (NASDAQ:QQQ) is a unit investment trust that issues securities called PowerShares QQQ Index Tracking Stock. The Trust holds all of the component securities of the NASDAQ-100 Index. The Investment objective of the Trust is to provide investment results that generally correspond to the price and yield performance of the NASDAQ-100 Index. Invesco PowerShares Capital Management is the Sponsor of the Trust and The Bank of New York Mellon is the Trustee.

PowerShares QQQ's stock was trading in a well defined range with support at $54.17 and resistance at $63.86, given that this range was broken traders will be closely monitoring the stock

TradersHuddle Search

Stock Search:


Site Search:

Loading

Technical Scans

Recent Trading Ideas

Latest Partner Headlines

Stock Market

Loading
Chart
o Dow Jones 16,960.57 ▼123.23 (-0.72%)
o S&P 500 1,978.34 ▼9.64 (-0.48%)
o NASDAQ 4,449.56 ▼22.54 (-0.50%)
INDEXDJX:.DJI

Dow Jones

Company ID [INDEXDJX:.DJI] Last trade:16,960.57 Trade time:4:28PM EDT Value change:▼123.23 (-0.72%)
INDEXSP:.INX

S&P 500

Company ID [INDEXSP:.INX] Last trade:1,978.34 Trade time:4:28PM EDT Value change:▼9.64 (-0.48%)
INDEXNASDAQ:.IXIC

NASDAQ

Company ID [INDEXNASDAQ:.IXIC] Last trade:4,449.56 Trade time:5:15PM EDT Value change:▼22.54 (-0.50%)

In The Wires

Copyright © 2013 TradersHuddle.com. All Rights Reserved.