Sanofi-Aventis Is Near Resistance

New York, January 30th (TradersHuddle.com) - Shares of Sanofi-Aventis (NYSE:SNY) are trading very close to calculated resistance at $49.28. The stock ended the trading session at just $48.80, which is near levels that make it difficult to buy or start a position.

Sanofi-Aventis (NYSE:SNY) is a global pharmaceutical company that researches, develops and manufactures prescription pharmaceuticals and vaccines. The Company develops cardiovascular, thrombosis, metabolic disorder, central nervous system, internal medicine and oncology drugs, and vaccines.

Sanofi-Aventis' stock range is defined by its calculated support defined at $42.75 and by the resistance level at $49.28; 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 Sanofi-Aventis . However, as the stock pulls back towards $42.75 it will definitely provide a reference point to establish a trade. On the other hand, if the stock breaks above its resistance level at $49.28 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 17,778.15 ▲421.28 (2.43%)
o S&P 500 2,061.23 ▲48.34 (2.40%)
o NASDAQ 4,748.40 ▲104.08 (2.24%)
INDEXDJX:.DJI

Dow Jones

Company ID [INDEXDJX:.DJI] Last trade:17,778.15 Trade time:4:52PM EST Value change:▲421.28 (2.43%)
INDEXSP:.INX

S&P 500

Company ID [INDEXSP:.INX] Last trade:2,061.23 Trade time:4:52PM EST Value change:▲48.34 (2.40%)
INDEXNASDAQ:.IXIC

NASDAQ

Company ID [INDEXNASDAQ:.IXIC] Last trade:4,748.40 Trade time:5:15PM EST Value change:▲104.08 (2.24%)

In The Wires

Copyright © 2013 TradersHuddle.com. All Rights Reserved.