Rowan Companies Is Close to Resistance
Published on Wednesday, 01 August 2012 08:20 Written by TradersHuddle Wire
New York, August 1st (TradersHuddle.com) - Shares of Rowan Companies, Inc. (NYSE:RDC) are trading very close to calculated resistance at $35.44. The stock ended the trading session at just $35.13, which is near levels that make it difficult to buy or start a position.
Rowan Companies, Inc. (NYSE:RDC) provides contract drilling services. The Company also owns and operates a manufacturing division that produces equipment for the drilling, mining and timber industries.
Rowan's stock range is defined by its calculated support defined at $33.28 and by the resistance level at $35.44; the stock is clearly over-extended from support, making it harder for participants to establish fresh longs.
Traders don't have a clear entry point for Rowan Companies. However, as the stock pulls back towards $33.28 it will definitely provide a reference point to establish a trade. On the other hand, if the stock breaks above its resistance level at $35.44 then traders will get an opportunity to enter the stock as it moves to a higher range.
- Playing the Setup in Rowan Companies
- Rowan Provides Fleet Contract Status Update
- Trading Idea: What to Expect as Rowan Companies Breaks Resistance
- Rowan to Present at the UBS Global Oil and Gas Conference
- Reference Points for Rowan Companies
- Is Rowan Companies Closing in to Resistance?
- Rowan Companies Is Near to the 50 and 200 Day Moving Averages
- Above Resistance: Rowan Companies
- Rowan Reports First Quarter 2013 Results
- Rowan Companies Is Near a Key Resistance Area
Related Partner Headlines
- UPDATE: Dahlman Rose Downgrades Rowan Companies to Hold - Benzinga
- Stocks With a One-Two Punch - TheStreet.com
- Rowan Companies PLC (RDC): Today's Featured Energy Winner - TheStreet.com
- UPDATE: Global Hunter Securities Downgrades Rowan Companies to Neutral, Lowers PT - Benzinga
- UPDATE: Goldman Sachs Lowers PT on Rowan Companies from $42 to $39 - Benzinga
- Rowan Companies PLC Stock Upgraded (RDC) - TheStreet.com
- UPDATE: Deutsche Bank Reduces PT to $42, Reiterates Buy on Rowan Companies; One-Off Events Behind - Benzinga
- Rowan, Tenet: S&P Gainers - TheStreet.com
- Rowan: S&P Intraday Gainer - TheStreet.com
- UPDATE: Citi Raises Price Target on Rowan Companies to $37 - Benzinga
Recent Trading Ideas
Chesapeake Energy Is Close to Resistance
Windstream Is Near its 50 Day Moving Average
Applied Materials Is Close to Resistance
E*TRADE is Near a Key Support Area
First Solar is Near a Key Support Area
Trading Idea: Is Monster Worldwide close to Support?
Trading Idea: - Is Walgreen close to Resistance?
Latest Partner Headlines
Dow Today: Verizon Communications (VZ) Higher - TheStreet.com
Separating the Bargains From the Busts - TheStreet.com
Cramer Quick Take: The 60-Inch TV Will Be Key This Holiday - TheStreet.com
Cramer Quick Take: Cisco Wins If Fiscal Cliff Is Resolved - TheStreet.com
Gap Up and Sit - TheStreet.com
Apple, Intel, MicroStrategy: Tech Winners & Losers - TheStreet.com
Windows 8 PC Sales Disappointing: Report - TheStreet.com
Cramer Quick Take: Buy Home Depot and Lowe's - TheStreet.com
Dow JonesCompany ID [INDEXDJX:.DJI] Last trade:15,303.10 Trade time:4:36PM EDT Value change:▲8.60 (0.06%)
S&P 500Company ID [INDEXSP:.INX] Last trade:1,649.60 Trade time:4:35PM EDT Value change:▼0.91 (-0.06%)
NASDAQCompany ID [INDEXNASDAQ:.IXIC] Last trade:3,459.14 Trade time:5:15PM EDT Value change:▼0.28 (-0.01%)
In The Wires
Pratt & Whitney Rocketdyne Engines Boost Latest Communication Satellite into Orbit
Taylor Swift Tickets: Cheap Concert Tickets has Slashed Prices on Taylor Swift Concert Tickets in Arlington/Dallas, Philadelphia, East Rutherford, Los Angeles & Tacoma
Searchen Networks® Join National Federation of Independent Business
ATK Technologies Support Launch of ULA's Delta IV Rocket Carrying WGS-5
ITX Design Announces Recent Results of In-House Survey Gauging Web Traffic Trends in North America
PhenObestin 37.5 Can Help Make Bathing Suit Season Less Stressful
ShopPharmacyCounter.com PhenObestin 37.5 Summer Sale Now On
Your Grooming Business is in the Dog House: 5 Ways to Beat the Competition and Grow Revenue by Appointment-Plus Pet Grooming Software