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This is a level where a stock has a difficult time moving through. Resistance levels can be caused by former tops, breakout prices, moving averages, or just price levels where a stock has spent a lot of time in the past. When choosing buy levels, we watch for a stock to break through resistance on good volume. That indicates the move through the resistance is strong, and that the stock will most likely stay above that resistance. In such situations, former resistance then becomes support. When we take a position coming off of support, we always look for resistance levels as points where we may encounter resistance so we do not lose gains we have banked if resistance proves too much.

The lowest price that a security has traded at during the day.

The Registered Trader assigned by the Selection Committee to act as market maker in a security. Their duties include providing a minimum guaranteed fill, maintaining minimum spread and ensuring orderly trading.

An order that is valid only for the day it is entered. If the order is still outstanding when the market closes, it will be purged overnight.

A security that features an option for the holder to require the issuer to redeem it, subject to specified terms and conditions.

A measure of accounts receivables compared to sales. Higher DSOs means a company’s receivables as a percentage of sales have increased, not a good sign.

After tax income (latest 12 months) divided by total of shareholder’s equity plus long term debt, plus other long term liabilities.

Trades based on signals from computer programs. These are usually entered directly from the traders computer to the market’s computer system. Program trading accounts for an increasingly larger and larger portion of all trades throughout the day. Additionally, these large trades may be hedged by an offsetting position in index futures.

This is a category of stock of companies that produce consumer-oriented products like food, beverages, tobacco, and pharmaceuticals.

A company’s ongoing obligation to inform the public of significant corporate events, both favourable and unfavourable.