Nearest Resistance: $26
Nearest Support: $23.50
Catalyst: Earnings Call
EMC (EMC) is another stock that's getting significant trading volume the day after announcing its fourth-quarter earnings numbers. EMC sold off into the earnings report, but shares are bouncing back this afternoon after the stock hit a support level from back in mid-November. Now, we could be coming up on a solid buying opportunity for shares.Zooming into the chart a little, it looks like EMC is making a double bottom pattern in the intermediate-term. The breakout level to watch here is $26 resistance -- it's the resistance zone that halted shares' last attempt to move higher back in December. The strength of selling pressure at $26 makes a move through that price all the more significant. To see these stocks in action, check out the at Most-Active Stocks portfolio on Stockpickr.
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