New York, August 15th (TradersHuddle.com) - Shares of King Pharmaceuticals, Inc. (NYSE:KG) are trading very close to calculated support at $8.41 with current King Pharmaceuticals, Inc. ( King Pharmaceuticals' current stock range is defined by current calculated support defined at $8.41 and by the resistance level at $9.29, which should be used by traders planning their trades. Traders wanting to establish a position should place close attention to King Pharmaceuticals' price action, and establish a position as close to support as possible, but only after buying materializes. Traders should understand that the resistance point at $9.29 might limit their upside, however if the stock breaks resistance, it could be a good point to add to the position. |
King Pharmaceuticals Closing in to Support
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