Error
  • JLIB_APPLICATION_ERROR_COMPONENT_NOT_LOADING
  • JLIB_APPLICATION_ERROR_COMPONENT_NOT_LOADING
  • Error loading component: com_content, 1
  • Error loading component: com_content, 1
  • Error loading component: com_content, 1

New York, January 9th (TradersHuddle.com) - Shares of Altera Corporation (NASDAQ:ALTR) are trading very close to calculated resistance at $36.03. The stock ended the trading session at just $34.51, which is near levels that make it difficult to buy or start a position.

Altera Corporation (NASDAQ:ALTR) designs, manufactures, and markets programmable logic devices and associated development tools. The Company's products, include a variety of programmable logic devices and hardcopy application-specific integrated circuits. Altera serves customers primarily in the communications, computer and storage, industrial, and consumer sectors

Altera's stock range is defined by its calculated support defined at $30.89 and by the resistance level at $36.03; 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 Altera. However, as the stock pulls back towards $30.89 it will definitely provide a reference point to establish a trade. On the other hand, if the stock breaks above its resistance level at $36.03 then traders will get an opportunity to enter the stock as it moves to a higher range.

TradersHuddle Search

Stock Search:


Site Search:

Loading

Technical Scans

Recent Trading Ideas

Latest Partner Headlines

Stock Market

Loading
Chart
o Dow Jones 17,640.25 ▼89.86 (-0.51%)
o S&P 500 2,063.74 ▼13.04 (-0.63%)
o NASDAQ 4,975.63 ▼33.58 (-0.67%)
INDEXDJX:.DJI

Dow Jones

Company ID [INDEXDJX:.DJI] Last trade:17,640.25 Trade time:1:57PM EDT Value change:▼89.86 (-0.51%)
INDEXSP:.INX

S&P 500

Company ID [INDEXSP:.INX] Last trade:2,063.74 Trade time:1:57PM EDT Value change:▼13.04 (-0.63%)
INDEXNASDAQ:.IXIC

NASDAQ

Company ID [INDEXNASDAQ:.IXIC] Last trade:4,975.63 Trade time:1:57PM EDT Value change:▼33.58 (-0.67%)

In The Wires

Copyright © 2013 TradersHuddle.com. All Rights Reserved.