{"id":62800,"date":"2013-11-12T18:03:52","date_gmt":"2013-11-12T07:03:52","guid":{"rendered":"http:\/\/www.fnarena.com\/index.php\/2013\/11\/12\/australian-stocks-what-happened-today-209\/"},"modified":"2013-11-12T18:03:52","modified_gmt":"2013-11-12T07:03:52","slug":"australian-stocks-what-happened-today-209","status":"publish","type":"post","link":"https:\/\/staging.fnarena.com\/index.php\/2013\/11\/12\/australian-stocks-what-happened-today-209\/","title":{"rendered":"Australian Stocks: What Happened Today?"},"content":{"rendered":"
By Ashley Jessen<\/div>\n
\n

ASX Top Gainers & Losers plus Market Snapshot – 12 November 2013<\/strong><\/p>\n

Record highs yet again on the US indices greeted Aussie traders first thing this morning, but volumes in the US were light due to Veterans Day, which saw the US bond markets closed. Gold was certainly one of the key talking points as it dropped below $US1280 an ounce and continues to break down towards critical support levels. The S&P\/ASX 200 shot out of the gates early with futures showing a 22 point gain on the open, but those highlights were short lived as profit takers stepped in 30 minutes after open, pushing our index back down, ending the session up 6 points of 0.11% on $3.7 billion.<\/p>\n

Another mixed bag of results for the Aussie sectors with 6 falling and 5 rising. The best gains were found among the Energy and Materials sectors, rising 0.79% and 0.68% respectively, whilst Consumer Discretionary fell a modest 0.38% and the Real Estate Investment Trust sector dropped 0.34%, coming off their recent high levels.<\/p>\n

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

Our market continues to threaten new recent highs but time and time again, drops away and finds it tough to mount a come-back. On an intraday basis our market shot out of the gate, rising over 30 points in the first 20 minutes but no sooner had it done that then it started to fall, giving back those early gains. In the end the market bounced along yesterday’s close 7 times before a small rally, pushed up by intraday technical traders, before profit taking stepped in to close it very near yesterday’s close.<\/p>\n

ASX top 200 stock analysis<\/strong><\/p>\n

33% of stocks are showing oversold levels, 12% are showing overbought levels and 63% of stocks are currently above their long term moving average as of close of trading today.<\/p>\n

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

Orica ((ORI)) has been rocketing in the last 2 days, rising an incredible 8.21% today and 20.77% since Friday’s close, right off the back of their recent announcement that they are expecting much better profits in 2014. Incitec Pivot ((IPL)) jumped 7.28% on 7 times the average volume, after 4 months of consolidation, which will play well for a possible continued move to the upside going forward.<\/p>\n

Top 5 gainers:<\/strong><\/p>\n

ORI         ORICA +8.21%
\nIPL          INCITEC PIVOT +7.28%
\n((SKE))    SKILLED GROUP +6.71%
\n((REA))    REA GROUP +6.13%
\n((ARI))      ARRIUM +4.83%<\/p>\n

Linc Energy ((LNC)) was unable to hold on to the most immediate support level, falling 6.56% on rising volume and it will be important for the $1.10 level to hold for the share price to have a chance of any sort of rebound. Ten Network Holdings ((TEN)) broke through a triple bottom support level intraday but managed to close back on support at $0.255, after falling 5.56% for the day.<\/p>\n

Top 5 Losers:<\/strong><\/p>\n

LNC                LINC ENERGY -6.56%
\nTEN                TEN NETWORK HOLDINGS -5.56%
\n((NST))            NORTHERN STAR RESOURCES -4.61%
\n((SDL))            SUNDANCE RESOURCES -4.35%
\n((ASL))            AUSDRILL -3.43%<\/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\/62800"}],"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=62800"}],"version-history":[{"count":0,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/62800\/revisions"}],"wp:attachment":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/media?parent=62800"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/categories?post=62800"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/tags?post=62800"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}