For today's chart we've chosen to take a look at LeapFrog Enterprises Inc. (NYSE:LF) because it is trading near an influential level of support. As you can see from the chart below, the $6.80 level has propped up the price several times in the past and technical traders will watch to see if this story will be able to continue. We expect that bullish traders will enter a position as close to $6.80 as possible to ensure a favorable risk/reward ratio. The company also reported a narrower-than-expected loss for the quarter, which will likely help send the stock higher during tomorrow's session. We'll keep a close eye on the upcoming price action to see whether the bulls will be able to prevent a continuation of the downward momentum.



You May Also Like

Related Analysis
  1. Mutual Funds & ETFs

    What are some popular ETFs that track the industrial sector?

  2. Stock Analysis

    The FDA Committee Vote That Could Sink Vertex

  3. Investing

    How Can The iWatch Affect Apple's Stock?

  4. Investing

    Financial News Comparison: Bloomberg Vs. Reuters

  5. Charts & Patterns

    The 6 Most Profitable Grocery Stores

Trading Center