Shares of Computer Sciences Corporation (NYSE:CSC) are trading very close to calculated support at $47.1875 with current price action closing at just $47.5 places the stock price near levels where traders will start paying attention.
Computer Sciences Corporation (NYSE:CSC) provides consulting and information technology (IT) services to industry and government. The Company provides consulting, systems design and integration, IT and business process outsourcing, applications software, and Web and application hosting.
Computer Sciences’ current stock range is defined by current calculated support defined at $47.1875 and by the resistance level at $51.37, which should be used by traders planning their trades.
Traders wanting to establish a position should place close attention to Computer Sciences’ 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 $51.37 might limit their upside, however if the stock breaks resistance, it could be a good point to add to the position.
Source:http://www.tradershuddle.com/Trading-Ideas/4075006292010-computersciences-closing-in-to-support.html
