The following is Technical Analysis for the Nasdaq ( NAS ) for 2/13/09Nasdaq Support & Resistance Levels - February 13, 2009
Resistance Levels: 1600, 1665
The Nasdaq briefly traded under 1500 this afternoon but then reversed and closed back over the 10 and 50 day moving averages. As you can see, the Nasdaq has held up strong through this latest sell off and is the first to rally when we get good news. We will have to see if we can close above these two averages tomorrow as we could retest 1600 soon, or go back to 1500. We are right in the middle of the trading range and these moving averages are the only support. Pullbacks under 1500 have been bought heavily! For More Technical Analysis - Go Here
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