Friday, December 09, 2005

Price Resistance -

Looking at a few charts and it is quick noticable how stocks will hit resistance at round numbers. For example:

Dominos = $25 - I think it is Bain Capital selling at that level.
AIG - $70
AXP - $53
BA - $70
CAT - $60
C - $50
GE - $37
HPQ - $30
IBM - $90

Anyway, I think you get the point. I never realized that these price points were so strong. Something to think about when you are about to buy or sell.

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