Approaching Resistance: Accenture

New York, January 15th (TradersHuddle.com) - Shares of Accenture PLC (NYSE:ACN) are trading very close to calculated resistance at $70.27. The stock ended the trading session at just $69.86, which is near levels that make it difficult to buy or start a position.

Accenture PLC (NYSE:ACN) provides management and technology consulting services and solutions. The Company delivers a range of specialized capabilities and solutions to clients across all industries on a worldwide basis.

Accenture's stock range is defined by its calculated support defined at $65.20 and by the resistance level at $70.27; 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 Accenture. However, as the stock pulls back towards $65.20 it will definitely provide a reference point to establish a trade. On the other hand, if the stock breaks above its resistance level at $70.27 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 17,156.85 ▲24.88 (0.15%)
o S&P 500 2,001.57 ▲2.59 (0.13%)
o NASDAQ 4,562.19 ▲9.43 (0.21%)
INDEXDJX:.DJI

Dow Jones

Company ID [INDEXDJX:.DJI] Last trade:17,156.85 Trade time:4:29PM EDT Value change:▲24.88 (0.15%)
INDEXSP:.INX

S&P 500

Company ID [INDEXSP:.INX] Last trade:2,001.57 Trade time:4:29PM EDT Value change:▲2.59 (0.13%)
INDEXNASDAQ:.IXIC

NASDAQ

Company ID [INDEXNASDAQ:.IXIC] Last trade:4,562.19 Trade time:5:15PM EDT Value change:▲9.43 (0.21%)

In The Wires

Copyright © 2013 TradersHuddle.com. All Rights Reserved.