Approaching Resistance: Sanofi-Aventis

New York, March 28th (TradersHuddle.com) - 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:

Loading

Technical Scans

Recent Trading Ideas

Latest Partner Headlines

Stock Market

Loading
Chart
o Dow Jones 18,399.78 ▼48.63 (-0.26%)
o S&P 500 2,169.39 ▼3.08 (-0.14%)
o NASDAQ 5,219.53 ▲7.32 (0.14%)
INDEXDJX:.DJI

Dow Jones

Company ID [INDEXDJX:.DJI] Last trade:18,399.78 Trade time:3:55PM EDT Value change:▼48.63 (-0.26%)
INDEXSP:.INX

S&P 500

Company ID [INDEXSP:.INX] Last trade:2,169.39 Trade time:3:55PM EDT Value change:▼3.08 (-0.14%)
INDEXNASDAQ:.IXIC

NASDAQ

Company ID [INDEXNASDAQ:.IXIC] Last trade:5,219.53 Trade time:3:55PM EDT Value change:▲7.32 (0.14%)

In The Wires

Copyright © 2013 TradersHuddle.com. All Rights Reserved.