Stock has formed head and shoulder pattern in daily chart, technical indicates sharp movement can be seen once it comes out from it head shoulder pattern. On upper side will find strong trend line resistance once it closes and holds above its trend line then sharp movement can be seen.
Stock has formed head and shoulder pattern in daily chart, technical indicates sharp movement expecting once it comes out from its pattern. But technical indicates it is witnessing selling pressure from its trend line as long as it holds below bears will be favored, once closes and holds above its trend line then bulls action can be seen.
TESORO PETROLEUM CORPORATION
Stock moving up from strong trend line support zone, technical indicates as long as holds above bulls will be favored, once it closes and holds below its trend line support zone bears action can be seen. Visit link for more best free us stock market forecast.
Nasdaq Composite Update - 17- 03 -16
Market Close Report: NASDAQ Composite index closes at 4,774.99 up 11.02 points.
Thursday's session closes with the NASDAQ Composite Index at 4,774.99. The total shares traded for the NASDAQ was over 1.85 billion.
Advancers stocks led declining by 2.17 to 1 ratio. There were 1954 advancers and 901 decliners for the day. On the NASDAQ Stock Exchange 42 stocks reached a 52 week high and 30 reaching lows.
The NASDAQ 100 index closed down -.09% for the day; a total of -3.94 points. The current value is 4,400.26.
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