Reference Points for Pall

Published on Monday, 09 January 2012 19:44 Written by TradersHuddle Staff

New York, January 9th (TradersHuddle.com) - Shares of Pall Corporation (NYSE:PLL) closed the trading day at $56.65 close to its 50 day moving average currently set at $54.14. Pall's price action is just above this important support level translating into a trading opportunity.

Pall Corporation (NYSE:PLL) designs, and manufactures proprietary filter media, and other fluid clarification and separation equipment for the removal of solid, liquid and gaseous contaminants from a wide variety of liquids and gases.

Looking at peaks and troughs horizontal support and resistance levels, we can see current calculated support at $54.93 and calculated resistance at $58.20. These levels should also be evaluated by traders when planning their trades, as they provide an insight into the latest price action.

Traders wanting to establish a position on Pall will be looking at the price action for evidence of buying near the 50 day moving average, and opening a position as close as possible to this important level. Also traders will be looking at the latest price action, via the stocks current range previously defined for insights of other key levels that might affect their upside or downside.