AOL, Inc. (NYSE:AOL) Edged Up A Little On Account Of Positive Performance By Tech Stocks

by Paul Wilson | Wednesday, Apr 23, 2014 | 6832 views

Boston, MA, 04/23/2014  (usastockreport) –   AOL, Inc. (NYSE:AOL) firmed up a little on Tuesday after a positive trading in the tech stock on Tuesday. The stock has been trading in a very narrow range with high volatility, the stock saw a slight downside in its previous two trading session after managing healthy gains in the last week.

AOL, Inc. (NYSE:AOL) gained a substantial amount in its intraday session but could not hold up to the gains and consolidated at $43.35 with a gain of 0.49%. Looking at a broader time zone, the stock has rather been trading in a very narrow range, with $45 on the upside and $41.5 on the lower side.

The stochastic oscillator for AOL, Inc. (NYSE:AOL) on the daily charts suggest a bearish tone, the stochastic curve is turning downwards from its previous high levels, this indicates the stock is still weak and may continue to trade in the narrow range with weak upward momentum. The relative strength index remained flat for the stock on Tuesday, this implies the stock may be trading indecisively with no strong momentum on either side, we believe the stock might follow the same trend for a while before a strong momentum on either side is visible.

On the upside the stock has a strong support level around $40.91 and on the upside the stock has its first resistance around $44.40, a healthy break out above these levels could see the stock soar to $49.49 which was its previous high on February 4, 2014.

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(FIGURE) : Daily Chart for AOL, Inc. (NYSE:AOL)

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