Today we will analyze the stock CLAYMORE/ZACKS DIV (IRO) for internet stock trading in the AMEX stock market,
Stock Technical indicators to notice in CLAYMORE/ZACKS DIV (IRO)
1- Last bearish trend was from 19.88 $ (8/3/2010) to 18.95 $ (8/26/2010) a 0.93 $ move 2- The current bullish trend started from 18.95 $ at 8/26/2010 and is currently trading at 19.80 $.
3- IRO current support level is at 19.52 which is the 61.80 % fibonacci retracement of the last 0.93 $ move.
4- IRO current resistance level is at 19.88 which is the 100.00 % fibonacci retracement of the last 0.93 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
CLAYMORE/ZACKS DIV (IRO) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 18.950 and 18.700, and is currently supporting at 19.036.
CLAYMORE/ZACKS DIV (IRO) Mid term stock chart patterns for internet stock trading :

7- The Stock formed Double Bottom Pattern at 18.120 .
8- The Stock formed a 2.310 $ height triangle which was broken up at 18.790, target of the pattern is 21.100.
CLAYMORE/ZACKS DIV (IRO) Long term stock chart patterns for internet stock trading :

9- The Stock was supported by a support line, identified by two points: 18.110 and 8.300 that was broken down at 19.300 transforming into a resistance line.

Stock Trading Conclusion:
CLAYMORE/ZACKS DIV (IRO) was trading in a bullish wave, which is becoming weaker .
Technical indicators and stock chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading .

Stock Resistance Levels : 19.88, 20.13, 20.17, 20.45, 21.10.
Stock Support levels : 19.60, 19.52, 19.48, 19.42, 19.38, 19.31, 19.27, 19.17, 19.04, 18.95, 18.15,.