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| The Volumetric Profile is the central concept behind Volume Stratification Analysis. This Profile is simply the cumulative volume over the history of the stock, distributed according to price range. The red bar marks the price range corresponding to the current price of MER shares. |
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Blue bars depict the Volumetric Profile for various price levels of Merrill Lynch. The thick orange line is the Volumetric Price and the maroon line is the Secular Price. The Volumetric average at $15 is below the Secular average at $15. This is a very un-usual condition. A few layers of volumetric turbulence exist that could provide support on the downside. The most significant of these is found around $12. |
| Support Level ID | Price Range | Peak Magnitude |
| 1 | $12.00 - $12.99 | 1.56 |
| 2 | $9.00 - $9.99 | 1.03 |
| 3 | $6.00 - $6.99 | 0.56 |
| To the upside, a layer of potential resistance hovers around the $19 level. |
| Resistance Level ID | Price Range | Peak Magnitude |
| 1 | $19.00 - $19.99 | 14.23 |
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| Horizontal maroon lines indicate Negative Volumetric Peaks. Price intervals with these characteristics are often associated with gaps, although they sometimes operate as support levels. Quarterly and yearly turn-arounds are circled. Two sharply defined valleys exit below the priceline at $11 and $7. The deepest is near the $7 strata. |
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| Here, the horizontal lines mark the points of Maximum Negative Slope in the Volumetric Profile. These strata are known to act as resistance levels against upward movement, and are sometimes associated with yearly and quarterly tops. Also, as is typical of resistance levels, they may do double duty as support, but that is not the typical case. |
For Members: Deeper Analysis, with Price Predictions for MER Common Stock |
| Monday, February 08, 2010: We have news on Nicor Inc., ticker symbol GAS. Some signs of an over-sold condition have become evident. Also, there are breaking events concerning American International Group, Inc. and MicroSoft. From the News Archive: (2/4/2010 ) Favorable events happened at Illinois Tool Works Inc., Polo Ralph Lauren Corporation, and Briggs and Stratton. Meanwhile, bad news came from Eastman Kodak. |