LeapFrog Enterprises Inc


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.

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