Approaching Resistance: Accenture

New York, January 15th ( - 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:


Technical Scans

Recent Trading Ideas

Latest Partner Headlines

Stock Market

o Dow Jones 18,446.97 ▼46.09 (-0.25%)
o S&P 500 2,166.90 ▼1.58 (-0.07%)
o NASDAQ 5,103.36 ▲5.73 (0.11%)

Dow Jones

Company ID [INDEXDJX:.DJI] Last trade:18,446.97 Trade time:12:05PM EDT Value change:▼46.09 (-0.25%)

S&P 500

Company ID [INDEXSP:.INX] Last trade:2,166.90 Trade time:12:05PM EDT Value change:▼1.58 (-0.07%)


Company ID [INDEXNASDAQ:.IXIC] Last trade:5,103.36 Trade time:12:05PM EDT Value change:▲5.73 (0.11%)

In The Wires

Copyright © 2013 All Rights Reserved.