Diebold Broke Resistance

Published on Wednesday, 18 January 2012 18:52 Written by Christopher Lynn

New York, January 18th (TradersHuddle.com) - Shares of Diebold, Incorporated (NYSE:DBD) closed the trading session at $31.19 just above calculated resistance at $29.92 moving to what appears to be a new range, as this move will clearly raise the attention of momentum buyers.

Diebold, Incorporated (NYSE:DBD) provides integrated self-service delivery systems and services on a worldwide basis. The Company serves the financial, security, election systems, retail, card systems, and pharmacy industries. Diebold provides products such as automated teller machines, alarm monitoring systems, monitoring software, card-based systems, and election systems.

Diebold's stock was trading in a well defined range with support at $29.21 and resistance at $29.92, given that this range was broken traders will be closely monitoring the stock