Aecom Moving Above Resistance

Published on Wednesday, 11 January 2012 18:52 Written by Danny Miller

New York, January 11th (TradersHuddle.com) - Shares of Aecom Technology Corp. (NYSE:ACM) closed the trading session at $22.07 just above calculated resistance at $21.11 moving to what appears to be a new range, as this move will clearly raise the attention of momentum buyers.

Aecom Technology Corp. (NYSE:ACM) is a global provider of professional technical and management support services to a broad range of markets, including transportation, facilities, environmental, energy, water and government. Its services include consulting, planning, architecture, engineering, construction management, project management, asset management, environmental services, and design-build services.

Aecom's stock was trading in a well defined range with support at $19.05 and resistance at $21.11, given that this range was broken traders will be closely monitoring the stock