Series 7 Exam Question 114: Answer and Explanation

Question: 114

ABC Corporation has been trading inbetween $23 and $26 for quite a long period of time. $23 would be considered ABC Corporation's

• A. support
• B. resistance
• C. breakpoint
• D. none of the above

Correct Answer: A

Explanation:

A. The support is the lower portion of the trading range and the resistance is the upper portion of the trading range.