U.S. markets posted mixed results Monday as data showed pending home sales in the U.S. declined for the fifth consecutive month. The National Association of Realtors reported the pending home sales index dropped 0.6 percent to 102.1, its lowest level since December 2012. "The government shutdown in the first half of last month sidelined some potential buyers. In a survey, 17% of realtors reported delays in October, mostly from waiting for IRS income verification for mortgage approval," said Lawrence Yun, NAR's chief economist. The Dow Jones Industrial Average posted a gain of 0.05 percent, while the S&P 500 Index posted a loss of 0.13 percent.
Alcoa Inc. (NYSE: AA) shares traded in the range of $9.52 to $9.75 Monday before settling to close at $9.59, an increase of 3.79 percent. The stock appears to be facing some resistance at the $10.49 and $9.92 levels with some support at $9.46. Shares of Alcoa have gained approximately 10.0 percent in 2013.
More information on Alcoa and access to the free equity report can be found at:
www.WallStreetFundamentals.com/AA
Apple Inc. (NASDAQ: AAPL) shares traded in the range of $521.00 to $525.87 Monday before settling to close at $523.74, an increase of 0.76 percent. The stock appears to be facing some resistance at the $525.33 and $542.89 levels with some support at $507.75. Shares of Apple have fallen approximately 1.5 percent in 2013.
More information on Apple and access to the free equity report can be found at:
www.WallStreetFundamentals.com/AAPL
Delta Air Lines, Inc. (NYSE: DAL) shares traded in the range of $28.72 to $29.39 Monday before settling to close at $29.17, an increase of 1.99 percent. The stock appears to be facing some resistance at $29.18 with some support at the $27.87 and $25.22 levels. Shares of Delta Air Lines have gained approximately 145.0 percent in 2013.
More information on Delta Air Lines and access to the free equity report can be found at:
www.WallStreetFundamentals.com/DAL
Lions Gate Entertainment Corp. (NYSE: LGF) shares traded in the range of $30.00 to $33.58 Monday before settling to close at $30.23, a decrease of 10.46 percent. The stock appears to be facing some resistance at the $31.69 and $32.13 levels with some support at $29.44. Shares of Lions Gate Entertainment have gained approximately 84.0 percent in 2013.
More information on Lions Gate Entertainment and access to the free equity report can be found at:
www.WallStreetFundamentals.com/LGF
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