Aecom Close to 200 Day Moving Average

Published on Sunday, 05 February 2012 16:48 Written by Christopher Lynn

New York, February 5th (TradersHuddle.com) - Shares of Aecom Technology Corp. (NYSE:ACM) traded at $22.93 close to its 200 day moving average currently set at $22.91. Aecom's price action is just above this key support level, and it will certainly raise traders attention, as a possible trading opportunity.

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.

Latest price action range, defined by a peaks and troughs algorithm places calculated support at $19.05 and calculated resistance at $23.48. These levels will certainly be watched by traders, as they provide insight into the latest price dynamics defined by Aecom stock.

Traders wanting to establish a position on Aecom will be looking at the price action for evidence of buying near the 200 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.