Tradable Assets Near Support Line
Stocks Sitting Near Support: Where the Bounce Could Start The scanner is finding something interesting: a number of stocks are sitting directly on, or just above, important support levels. That does not automatically make them buys. It gives us something better — clearly defined areas where a bounce can be tested with controlled risk. The strongest setups in this scan are ABI, FBRX, BR and AU . There is also a separate cluster worth watching in precious metals, with GLD, GDX, SLV and SIL all sitting relatively close to their 40-day support areas. The key idea: I would rather buy a confirmed bounce from support than chase a stock after it has already moved several percent away from the level. Support gives us a place to define the trade before entering. The Closest Stocks to Support Asset Price Support Distance Support Scanner Score Setup ABI $24.50 $24.46 +0.2% 40-Day 94 Excellent FBRX $76.99 $76.96 ~0.0% 40-Day 78 Excellent BR $156....