Trading Idea - Entry Levels for Logitech

Published on Friday, 27 August 2010 07:00 Written by Christopher Lynn

New York, August 27th (TradersHuddle.com) - Shares of Logitech International S.A. (NASDAQ:LOGI) are trading very close to calculated support at $14.72 with current price action closing at just $14.82 places the stock price near levels where traders will start paying attention.

Logitech International S.A. (NASDAQ:LOGI) manufactures personal computer peripheral devices. The Company produces computer mice which help the user move the cursor around the computer, trackballs, game controllers, keyboards, PC video cameras, and multimedia speakers.

Logitech's current stock range is defined by current calculated support defined at $14.72 and by the resistance level at $16.71, which should be used by traders planning their trades.

Traders wanting to establish a position should place close attention to Logitech'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 $16.71 might limit their upside, however if the stock breaks resistance, it could be a good point to add to the position.