Trading Idea - Entry Levels for Pall

Published on Friday, 27 August 2010 04:56 Written by Danny Miller

New York, August 27th (TradersHuddle.com) - Shares of Pall Corporation (NYSE:PLL) are trading very close to calculated support at $33.72 with current price action closing at just $34.26 places the stock price near levels where traders will start paying attention.

Pall Corporation (NYSE:PLL) designs, and manufactures proprietary filter media, and other fluid clarification and separation equipment for the removal of solid, liquid and gaseous contaminants from a wide variety of liquids and gases.

Pall's current stock range is defined by current calculated support defined at $33.72 and by the resistance level at $36.81, which should be used by traders planning their trades.

Traders wanting to establish a position should place close attention to Pall's price action, and establish a position as close to support as possible, but only after buying materializes. Traders should understand that the resistance point at $36.81 might limit their upside, however if the stock breaks resistance, it could be a good point to add to the position.