Stocks Near Trend Line Support: June 11 - TheStreet

Stocks Near Trend Line Support: June 11

These stocks, including Thermo Fisher and Herbalife, are trading near trend line support.
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NEW YORK (Stockpickr) -- Get ready to trade with today's set of stocks near trend line support .

Trend lines, which connect two or more stock price points, are a key aspect of technical analysis, defining price movement and indicating entry and exit points. Trend line support is an area that a stock's share price has difficulty moving below, the opposite of resistance, which indicates an area that the price has difficulty moving above. Identifying support levels can give traders insight into when to pull the trigger on a trade and how to minimize downside risk.

Trend line support is forecast by a positive-sloping trend line based on the formation of increasing support levels as time has progressed. Horizontal support, a type of trend line support, occurs at a point at which many buyers have historically entered a stock, thereby consistently buoying the price at that level.

Generally speaking, buying opportunities exist when a stock bounces off a long-term trend line, and shorting opportunities exist when a stock breaks downward through a long-term uptrend line.

To learn more about trend line trading and the different kinds of support levels to watch for, read our technical primer on

trend line support

.

The following stocks were trading near their trend line support today, according to the

Finviz

Trend Line Support Screener.

Rockwell Collins

(COL)

designs, produces and supports communications and aviation electronics for commercial and military customers worldwide.. The company is within the industrial goods sector and the aerospace/defense industry.

The chart for Rockwell Collins is showing possible trend line support at around $55.10. Currently the stock is trading 3.53% below its 20-day simple moving average, 8.48% below its 50-day simple moving average and 2.10% above its 200-day simple moving average. Furthermore, the stock is trading 16.55% below its 52-week high and 50.43% above its 52-week low. Rockwell Collins has a market cap of $8.63 billion, and the short float is currently at 3.35%. The RSI is currently at 42.89.

Herbalife

(HLF) - Get Report

is a global network marketing company that sells weight-management, nutritional supplement, fitness and personal care products. The company is within the health care sector and the drugs industry.

The chart for Herbalife is showing possible trend line support at around $43. Currently the stock is trading 2.43% above its 20-day simple moving average, 0.58% above its 50-day simple moving average and 14.38% above its 200-day simple moving average. Furthermore, the stock is trading 12.31% below its 52-week high and 74.28% above its 52-week low. Herbalife has a market cap of $2.63 billion, and the short float is currently at 4.06%. The RSI is currently at 54.25.

PerkinElmer

(PKI) - Get Report

is a provider of technology, services and solutions to the diagnostics, academic research, environmental monitoring and safety and security markets. The company is within the health care sector and the health services industry.

The chart for PerkinElmer is showing possible trend line support at around $21.60. Currently the stock is trading 0.44% above its 20-day simple moving average, 6.70% above its 50-day simple moving average and 11.67% below its 200-day simple moving average. Furthermore, the stock is trading 11.67% below its 52-week high and 44.86% above its 52-week low. PerkinElmer has a market cap of $2.57 billion, and the short float is currently at 1.42%. The RSI is currently at 49.57.

Thermo Fisher Scientific

(TMO) - Get Report

provides analytical instruments, equipment, consumables and software for research, manufacturing, analysis, discovery and diagnostics. The company is within the technology sector and the electronics industry.

Who Owns Thermo Fisher? Blue Ridge Capital

The chart for Thermo Fisher Scientific is showing possible trend line support at around $50. Currently the stock is trading 0.46% above its 20-day simple moving average, 1.66% below its 50-day simple moving average and 6.49% above its 200-day simple moving average. Furthermore, the stock is trading 9.90% below its 52-week high and 37.92% above its 52-week low. Thermo Fisher Scientific has a market cap of $20.41 billion, and the short float is currently at 2.43%. The RSI is currently at 50.91.

RELATED LINKS:

>> Why Trend Line Support Matters

>> Stocks Near Trend Line Support: June 8

>>Charts of the Week: Disney, Pfizer

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