{"id":62823,"date":"2013-11-15T17:41:57","date_gmt":"2013-11-15T06:41:57","guid":{"rendered":"http:\/\/www.fnarena.com\/index.php\/2013\/11\/15\/australian-stocks-what-happened-today-212\/"},"modified":"2013-11-15T17:41:57","modified_gmt":"2013-11-15T06:41:57","slug":"australian-stocks-what-happened-today-212","status":"publish","type":"post","link":"https:\/\/staging.fnarena.com\/index.php\/2013\/11\/15\/australian-stocks-what-happened-today-212\/","title":{"rendered":"Australian Stocks: What Happened Today?"},"content":{"rendered":"
By Ashley Jessen<\/div>\n
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ASX Top Gainers & Losers plus Market Snapshot – 14 November 2013<\/strong><\/p>\n

European markets pushed ahead nicely overnight whilst US markets were steady, whilst Yellen discussed the US recovery, monetary policy and potential tapering. After a cautious open, the S&P\/ASX 200 powered forward for the 2nd consecutive session, fuelled in part by the strength coming from the commodities sector overnight, and by close of trade was 46.3 points higher or 0.86% on volume of $3.6 billion.<\/p>\n

Green screens across every sector was a pleasant sight to see today after a handle of uncertain trading sessions with Consumer Discretionary leading the way, posting a 1.36% rise with the Industrial sector the next best placed, rising 1.22% by close of trade. Those performing well but less so than the leaders, were the Information Technology and Health Care sectors, rising 0.32% and 0.37% respectively.<\/p>\n

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

Our market managed to bounce off recent lows and set a new higher low with the setup looking very strong. No doubt many traders who may have missed the recent rally from mid October to the end of October would love the opportunity to get in at lower levels but the pullbacks just haven’t been deep enough to allow entry at lower levels. It is a competitively bid market and traders need to set their risk\/reward trades and get in at levels that make sense according to their trading plan. Markets are trending so trending systems are the ones that will be benefitting most from the current strength.<\/p>\n

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

36% of stocks are showing oversold levels, 11% are showing overbought levels and 59% 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

Sirius Resources ((SIR)) managed to bounce back a strong 7.17% after four straight down days on slightly rising volume, as it works it way up to resistance at the $2.70 level. Fairfax Media ((FXJ)) has largely been trading sideways but the 6.09% jump in price today pushes it close to breaking into new 6 month highs and will be one to watch closely on Monday for a further potential break to the upside.<\/p>\n

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

SIR         SIRIUS RESOURCES NL +7.17%
\nFXJ         FAIRFAX MEDIA +6.09%
\n((SBM))   ST BARBARA +5.88%
\n((TEN))    TEN NETWORK HOLDINGS +5.77%
\n((CSR))    CSR +5.28%<\/p>\n

Linc Energy ((LNC)) was unable to hold on to the current support level and has closed below the critical $1.00 mark by losing 11.95% today and hitting $0.995 on a massive 38 million shares changing hands. Mermaid Marine ((MRM)) had an extremely volatile session today, gapping down significantly on open before rallying back by the end of the session, but by close of business the price fell 7.39% on 10 times the average volume.<\/p>\n

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

LNC                LINC ENERGY -11.95%
\nMRM              MERMAID MARINE AUSTRALIA -7.39%
\n((GNC))           GRAINCORP -4.02%
\n((IPL))             INCITEC PIVOT -3.57%
\n((EWC))          ENERGY WORLD CORPORATION -3.45%<\/p>\n<\/div>\n

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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
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Author's Disclaimer:<\/em><\/div>\n
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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\/62823"}],"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=62823"}],"version-history":[{"count":0,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/62823\/revisions"}],"wp:attachment":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/media?parent=62823"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/categories?post=62823"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/tags?post=62823"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}