IMAX Is Near a Key Resistance Area

New York, March 28th ( - Shares of Imax Corporation (NYSE:IMAX) are trading very close to calculated resistance at $26.86. The stock ended the trading session at just $26.72, which is near levels that make it difficult to buy or start a position.

Imax Corporation (NYSE:IMAX) specializes in motion picture technologies and large-format film presentations. The company designs and manufactures projection and sound systems for large-screen theaters and designs custom attractions, including motion simulation theaters, for both large-scale attractions and smaller venues.

IMAX's stock range is defined by its calculated support defined at $25.03 and by the resistance level at $26.86; 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 IMAX. However, as the stock pulls back towards $25.03 it will definitely provide a reference point to establish a trade. On the other hand, if the stock breaks above its resistance level at $26.86 then traders will get an opportunity to enter the stock as it moves to a higher range.

Related Partner Headlines

    You could minimize risk by trading in stock sectors rather than individual stocks. Find out why ETFs are the hottest investment vehicle on the planet. Try ETF Profits for FREE NOW!

    TradersHuddle Search

    Stock Search:

    Site Search:

    Technical Scans

    Recent Trading Ideas

    Latest Partner Headlines

    Stock Market

    o Dow Jones 17,656.55 ▼16.05 (-0.09%)
    o S&P 500 2,054.03 ▲2.21 (0.11%)
    o NASDAQ 4,764.24 ▲6.36 (0.13%)

    Dow Jones

    Company ID [INDEXDJX:.DJI] Last trade:17,656.55 Trade time:3:28PM EST Value change:▼16.05 (-0.09%)

    S&P 500

    Company ID [INDEXSP:.INX] Last trade:2,054.03 Trade time:3:28PM EST Value change:▲2.21 (0.11%)


    Company ID [INDEXNASDAQ:.IXIC] Last trade:4,764.24 Trade time:3:28PM EST Value change:▲6.36 (0.13%)

    In The Wires

    Copyright © 2013 All Rights Reserved.