Focus Stocks

Approaching Resistance: Sanofi-Aventis

New York, March 28th ( - Shares of Sanofi-Aventis (NYSE:SNY) are trading very close to calculated resistance at $50.93. The stock ended the trading session at just $50.15, 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 $46.16 and by the resistance level at $50.93; 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 $46.16 it will definitely provide a reference point to establish a trade. On the other hand, if the stock breaks above its resistance level at $50.93 then traders will get an opportunity to enter the stock as it moves to a higher range.

TradersHuddle Search

Stock Search:

Site Search:

Recent Trading Ideas

Latest Partner Headlines

Stock Market

o Dow Jones 17,074.03 ▲23.28 (0.14%)
o S&P 500 2,014.61 ▲1.18 (0.06%)
o NASDAQ 4,827.71 ▲16.92 (0.35%)

Dow Jones

Company ID [INDEXDJX:.DJI] Last trade:17,074.03 Trade time:11:57AM EDT Value change:▲23.28 (0.14%)

S&P 500

Company ID [INDEXSP:.INX] Last trade:2,014.61 Trade time:11:57AM EDT Value change:▲1.18 (0.06%)


Company ID [INDEXNASDAQ:.IXIC] Last trade:4,827.71 Trade time:11:57AM EDT Value change:▲16.92 (0.35%)
Copyright © 2013 All Rights Reserved.