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Test

The event of a price movement that approaches a support level or a resistance level established earlier by the market. A test is passed if prices do not go below the support or resistance level, and the test is failed if prices go on to new lows or highs.

test

The attempt by a stock price or a stock market average to break through a support level or a resistance level. For example, a stock that has declined to $20 on several occasions without moving lower may be expected to test this support level once again. Failing to fall below $20 one more time would be considered a successful test of the support level and a bullish sign for the stock.

References in periodicals archive ?

The demand for industrial scale wet natural gas flow test facilities is usually from three types of projects.

Recent developments in testing wet gas flow meters

coli O157:H7, the industry's quickest test system for the dangerous foodborne pathogen; Reveal for Peanut Allergen, a simple lateral flow test to detect peanut residues in 10 minutes or less; and the remainder of Neogen's lateral flow tests for pathogens, GMOs, and ruminant material.

Neogen Launches World's Only Lateral Flow Reader

Linc Energy is aiming to have the Flow Test Rig on site in late March 2011.

Linc Energy Limited (ASX:LNC) Updates On LEA No.1 Well At The Cook Inlet Basin

As stated in the previous ACOR press release, flow test #1 test on the Longtom 3 well over the upper sands (400 reservoir sands) achieved an initial flow rate of approximately 30 Million cubic feet of gas per day before being choked back to achieve a stabilized rate.

Longtom 3 Offshore Well Delivers Strong Results - Lower Sands Flows 77 Million Cubic Feet of Gas + 324 BBLS of Condensate per day - Upper Sand Flows 30 Million Cubic Feet of Gas per Day on ACOR's ORRI

As part of preparing for the Company's Pilot program Sino Gas is currently mobilising CCDC to conduct a flow test on the TB08 gas discovery well.

Sino Gas and Energy Holdings Limited (ASX:SEH) Drilling Program Completed With Another Gas Discovery Well

A further update on the Moeller #1 testing program and any flow test results will be provided once the entire testing program is complete.

Burleson Energy Limited (ASX:BUR) Wilcox Drilling Update

The results of the well and the flow tests are being interpreted and will be integrated into the 3-D seismic data to determine where subsequent drilling will take place.

Kestrel Energy Announces Flow Test Results of Sage Prospect In Permit WA-254-P, Offshore Carnarvon Basin, Northwest Shelf, Australia

Software leads the user through an automated standard flow test.

LCM and SMC share top billing at SPI composites conference

6 /PRNewswire/ -- TransTexas Gas Corporation (Nasdaq-NNM: TTXG) today said that its press release of December 4 reporting the flow test rate of the Heart River No.

TransTexas Gas Says Earlier Report of North Dakota Well Flow Test Rate was Understated

Nasdaq: TOFF) announced today the results of a flow test on its Ewing Bank 1003 No.

TATHAM OFFSHORE, INC. ANNOUNCES FLOW TEST ON SUNDAY SILENCE FIELD

A four point flow test was conducted at various chokes with stable wellhead pressures.

Horizon Industries Ltd.: Positive Flow Test Results on Stewart #1 Well

NASDAQ: OESI) announced today that the flow test of the KS-8 well drilled by Puna Geothermal Venture (PGV) in Puna, Hawaii has been successfully completed.