Stocks Near Trend Line Support: June 8

These stocks are trading near trend line support, potentially providing investors with opportunities for lower entry prices and higher profits.
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NEW YORK (Stockpickr) -- Trend line support is a keystone of technical analysis. Essentially, support is an area that a stock's share price has difficulty moving below, the opposite of what is known as resistance. Support gives traders insight into when to pull the trigger on a trade and how to minimize downside risk.

Since stocks are at a short-term low when they reach their support levels, buying stocks at support provides an investor with lower entry prices and potentially higher profits. And since support is a sort of "price floor" for a stock, placing stop losses right below support helps mitigate risk when a stock makes a high-percentage fall through that floor (something known as a breakdown).

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.

Radware

(RDWR) - Get Report

is engaged in the development, manufacture and sale of application delivery solutions that provide end-to-end availability, performance and security of business-critical network applications. The company is within the technology sector and the computer software and services industry.

The chart for Radware is showing possible trend line support at around $19. Currently the stock is trading 0.24% below its 20-day simple moving average, 7.93% below its 50-day simple moving average, and 21.01% above its 200-day simple moving average. Furthermore, the stock is trading -20% below its 52-week high and 169.09% above its 52-week low. Radware has a market cap of $370.34 million and the short float is currently at 0.92%. The RSI is currently at 45.40. Traders should be aware of the double top that formed during the month of April around the $24 mark.

Berry Petroleum

(BRY) - Get Report

is an independent energy company engaged in the production, development and acquisition of crude oil and natural gas. The company is within the basic materials sector and the energy industry.

The chart for Berry Petroleum is showing possible trend line support at around $28.05. Currently the stock is trading 7.05% below its 20-day simple moving average, 7.29% below its 50-day simple moving average, and 1.28% above its 200-day simple moving average. Furthermore, the stock is trading 16.21% below its 52-week high and 94.57% above its 52-week low. Berry Petroleum has a market cap of 1.56B and the short float is currently at 11.79%. The RSI is currently at 43.26.

Stockpickr Tools 10 Stocks to Beat the Dow

LIN TV

(TVL)

, together with its subsidiaries, is a television station group operator in the U.S. The company is within the services sector and the media industry.

The chart for LIN TV is showing possible trend line support at around $ 5.95. Currently the stock is trading 10.06% below its 20-day simple moving average, 13.30% below its 50-day simple moving average and 13.70% above its 200-day simple moving average. Furthermore, the stock is trading 27.37% below its 52-week high and 405.93% above its 52-week low. LIN TV has a market cap of $322.22 million, and the short float is currently at 4.41%. The RSI is currently at 38.49.

Kennametal

(KMT) - Get Report

is a global supplier of tooling, engineered components and advanced materials consumed in production processes. The company is within the industrial goods sector and the machine tools and accessories industry.The chart for Kennametal is showing trend line support at around $26. Currently the stock is trading 7.37% below its 20-day simple moving average, 11.66% below its 50-day simple moving average and 0.49% above its 200-day simple moving average. Furthermore, the stock is trading 23.95% below its 52-week high and 76.21% above its 52-week low. Kennametal has a market cap of $2.16 billion, and the short float is currently at 4.56%. The RSI is currently at 39.78.For more stocks nearing trend line support view Today's

Stocks Near Trend Line Support Portfolio

.

RELATED LINKS:

>>Technical Primer: Why Trend Line Support Matters

>>10 Stocks to Beat the Dow

>>Must-See Charts: Amgen, Oracle

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