{"id":62326,"date":"2013-08-15T20:18:40","date_gmt":"2013-08-15T10:18:40","guid":{"rendered":"http:\/\/www.fnarena.com\/index.php\/2013\/08\/15\/australian-stocks-what-happened-today-150\/"},"modified":"2013-08-15T20:18:40","modified_gmt":"2013-08-15T10:18:40","slug":"australian-stocks-what-happened-today-150","status":"publish","type":"post","link":"https:\/\/staging.fnarena.com\/index.php\/2013\/08\/15\/australian-stocks-what-happened-today-150\/","title":{"rendered":"Australian Stocks: What Happened Today?"},"content":{"rendered":"
By Ashley Jessen<\/div>\n
\n

15 August 2013 ASX Market Summary – Invast Financial Services<\/strong><\/p>\n

Poor results on the Dow Jones were almost neutralised by stronger commodity prices as Gold, Silver and Crude Oil managed to push forward strongly, leaving those trading the S&P\/ASX 200 somewhat bewildered in hindsight. For the second day in a row we have seen complete indecision as neither the bulls nor bears are able gain full control, with today’s market action softening by 7.8 points or 0.15% to close at 5149.6 on above average volume of $4.5 billion.<\/p>\n

Health Care stocks truly underperformed today, falling 2.14 % and taking line honours for the worst performing sector as shares in CSL ((CSL)) pulled back 3.36% and break below support at $64. Utilities also had a tough day falling 1.48%. The Information Technology sector was the one shining light setting a solid 1.56% at the close with Materials the next best placed, pushing ahead by 0.46%.<\/p>\n

Looking over the charts<\/strong><\/p>\n

Yesterday’s doji star signalled for a pause in the current uptrend which promptly happened today with another low volatility session and yet another doji star. Doji stars at the top of the trend highlight indecision and perhaps the lack of confidence from investors to continue the momentum forward, at least until the market gets comfortable at these new short term highs. As a result we’ll continue to monitor the price action and note that previous resistance at around 5115 could potentially turn into support. We’ll wait for the potential pull back to these levels and note another higher high being on the cards and once again favouring the bulls.<\/p>\n

S&P\/ASX 200 Gainers and Losers<\/strong><\/p>\n

Perseus Mining ((PRU)) has managed to appear in the top gainers and losers quite a bit of late and today for all the right reasons as surging volume rocketed the stock ahead 14.91%. Silver Lake Resources ((SLR)) gapped up on open and was unable to really improve on that strong initial surge with the stock finishing the day up 7.23%.<\/p>\n

Top 5 gainers:<\/p>\n

PERSEUS MINING +14.91%
\nSILVER LAKE RESOURCES +7.23%
\nOCEANAGOLD CORPORATION ((OGC)) +6.10%
\nPANAUST ((PNA)) +6.07%
\nSAI GLOBAL ((SAI)) +5.69%<\/p>\n

Sundance Resources ((SDL)) has been underperforming since November last year and today pushed ever so closer to critical support levels with today’s price action falling 5.95%. Aquila Resources ((AQA)) has been unable to hold on to yesterday’s strong gap higher with the price today retreating 5.68% as it pops back beneath the previous resistance at $2.20.<\/p>\n

Top 5 Losers:<\/p>\n

SUNDANCE RESOURCES -5.95%
\nAQUILA RESOURCES -5.68%
\nOZ MINERALS ((OZL)) -4.75%
\nEMECO HOLDINGS ((EHL)) -4.65%
\nBILLABONG INTERNATIONAL ((BBG)) -4.27%<\/p>\n<\/div>\n

 <\/div>\n
Reprinted with permission of the publisher.<\/em> Content included in this article is not by association the view of FNArena (see our disclaimer<\/a>).<\/em><\/div>\n
 <\/div>\n
Author's Disclaimer:<\/em><\/div>\n
\n
\n

CFDs are high risk derivative products and may not be suitable for all investors. You can lose more than your initial deposit and there is a credit risk. Please read the PDS on our website at invast.com.au<\/a> and decide whether CFD trading meets your investment objectives, needs and situation before trading. We recommend you seek independent advice.<\/em><\/p>\n

Invast Financial Services (ABN: 48 162 400 035) is regulated by ASIC (AFSL No. 438 283)<\/em><\/p>\n<\/div>\n<\/div>\n

\"\"<\/p>\n

\nTechnical limitations<\/strong><\/em><\/p>\n

If you are reading this story through a third party distribution channel and you cannot see charts referred to<\/em>, we apologise, but technical limitations are to blame.<\/em><\/strong><\/p>\n

Find out why FNArena subscribers like the service so much: "Your Feedback (Thank You)<\/a>" – Warning this story contains unashamedly positive feedback on the service provided.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

A wrap of the day’s activity on the Australian stock market.<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[6],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/62326"}],"collection":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/comments?post=62326"}],"version-history":[{"count":0,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/62326\/revisions"}],"wp:attachment":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/media?parent=62326"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/categories?post=62326"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/tags?post=62326"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}