Dun & Bradstreet Moving Above Resistance

Published on Tuesday, 10 January 2012 05:40 Written by Christian Paolinetti

New York, January 10th (TradersHuddle.com) - Shares of Dun & Bradstreet Corporation (NYSE:DNB) closed the trading session at $76.56 just above calculated resistance at $76.15 effectively breaking out, grabbing the attention of momentum traders, which could eventually push the stock to different trading range

The Dun & Bradstreet Corporation (NYSE:DNB) provides business information and technology solutions. The Company's customers use these solutions in order to reduce credit risk, find profitable business partners, manage business relationships and collect cash and receivables. Dun & Bradstreet's database contains information on public and private companies around the world.

Dun & Bradstreet's stock was trading in a well defined range with support at $63.69 and resistance at $76.15, given that this range was broken traders will be closely monitoring the stock