Avon is Near a Key Support Area

New York, November 16th (TradersHuddle.com) - Shares of Avon Products Inc. (NYSE:AVP) finished near calculated support at $13.73.

The direct seller of beauty and related products closed at $13.81 leaving shares at a level that will spark interest by traders wanting to start or add to a position in the stock.

Avon's stock range is defined by its calculated support defined at $13.73 and by the resistance level at $17.56.

The area where we expect for buyers to materialize is defined as calculated support. A stock trading near its support level might see a lift, if it provides the necessary support for traders to place their buy orders. However, if this area is breached, it will signal participants that the stock failed to entice buyers to step in and support the stock, which in turn will spur additional downward momentum.

Traders wanting to establish a position should pay close attention to Avon's price action, and establish it as close to support as possible, but only after buying materializes. Traders should understand that the resistance point at $17.56 might limit their upside, however, if the stock breaks resistance, it could be a good point to step in and add to the position.

Note - Automated Content Created By TradersHuddle's Technical Scanner

Related Partner Headlines

    Real Money Pro from TheStreet: Headlined by legendary hedge fund manager Doug Kass, our team of market technicians and professional traders hand you unique perspectives and breakthrough investment opportunities. Access this exciting service -- Real Money Pro -- FREE, right now!

    TradersHuddle Search

    Stock Search:

    Site Search:


    Technical Scans

    Recent Trading Ideas

    Latest Partner Headlines

    Stock Market

    o Dow Jones 17,656.64 ▼94.27 (-0.53%)
    o S&P 500 2,049.17 ▼14.20 (-0.69%)
    o NASDAQ 4,725.08 ▼38.15 (-0.80%)

    Dow Jones

    Company ID [INDEXDJX:.DJI] Last trade:17,656.64 Trade time:11:28AM EDT Value change:▼94.27 (-0.53%)

    S&P 500

    Company ID [INDEXSP:.INX] Last trade:2,049.17 Trade time:11:28AM EDT Value change:▼14.20 (-0.69%)


    Company ID [INDEXNASDAQ:.IXIC] Last trade:4,725.08 Trade time:11:28AM EDT Value change:▼38.15 (-0.80%)

    In The Wires

    Copyright © 2013 TradersHuddle.com. All Rights Reserved.