Stock Technical indicators to notice in ACXIOM CORP (XIM.F)
1- Last bullish trend was from 10.37 $ (2/27/2012) to 11.28 $ (3/16/2012) a 0.91 $ move 2- The current bearish trend started from 11.28 $ at 3/16/2012 and is currently trading at 9.86 $.
4- XIM.F current resistance level is at 10.12 which is the 127.20 % fibonacci retracement of the last 0.91 $ move.
5- According to ADX Indicator, the trend is currently bearish, which is getting stronger.
ACXIOM CORP (XIM.F) Short term stock chart patterns for internet stock trading :
6- The Stock traded in a bullish stock channel identifed by support at 10.370 and 10.100,resistance between 11.280 and 10.760 which was broken down at 10.870.
ACXIOM CORP (XIM.F) Mid term stock chart patterns for internet stock trading :
7- The Stock was supported by a support line, identified by two points: 9.010 and 8.410 that was broken down at 11.060 transforming into a resistance line.
ACXIOM CORP (XIM.F) Long term stock chart patterns for internet stock trading :
8- The Stock was supported by a support line, identified by two points: 8.410 and 7.160 that was broken down at 11.040 transforming into a resistance line.
Stock Trading Conclusion:
ACXIOM CORP (XIM.F) was trading in a bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading .
Stock Resistance Levels : 10.12, 10.20, 10.37, 10.40, 10.57, 10.72, 10.74, 10.82, 10.93, 11.07, 11.28, 11.43, 12.09, 12.36.
Stock Support levels : 9.81.
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