Stock Technical indicators to notice in National Rural Utilities Cooperative Finance Corp (NRN)
1- Last bearish trend was from 26.05 $ (3/4/2010) to 23.99 $ (5/7/2010) a 2.06 $ move 2- The current bullish trend started from 23.99 $ at 5/7/2010 and is currently trading at 25.07 $.
4- NRN current resistance level is at 25.26 which is the 61.80 % fibonacci retracement of the last 2.06 $ move.
5- According to ADX Indicator, the trend is currently strong bullish, which is getting stronger.
National Rural Utilities Cooperative Finance Corp (NRN) Short term stock chart patterns for internet stock trading :
None.
National Rural Utilities Cooperative Finance Corp (NRN) Mid term stock chart patterns for internet stock trading :
None.
National Rural Utilities Cooperative Finance Corp (NRN) Long term stock chart patterns for internet stock trading :
6- The Stock traded in a bearish stock channel identifed by support at 17.540 and 19.020,resistance between 20.940 and 22.040 which was broken up at 18.580.
Stock Trading Conclusion:
National Rural Utilities Cooperative Finance Corp (NRN) was trading in a strong bullish wave, which is becoming stronger .
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 : 25.26, 26.05, 26.61, 27.32.
Stock Support levels : 25.02, 24.82, 24.78, 24.66, 24.53, 24.48, 24.40, 23.99,.
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