test

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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 ?
In July, its foundations will really be put to the test when metal giants Metallica subject Wembley to a full blown assault.
The company's resiliency was recently put to the test when it agreed to help the City of San Francisco eliminate illegal dumping by contractors and haulers.
NEW flood protection measures were put to the test at the weekend as heavy rain swelled the river Severn.
All this talent is put to the test to make a difference in the fight against hunger.
Writing Put to the Test is not a step-by-step lesson plan per se; instead, it focuses upon the core principles and techniques students need to master--from various rhetorical models such as narration, description, and cause and effect to testing one's own grammar for complete sentences and other standard formal English semantical necessities.
What: Two-part story in which House's (Hugh Laurie) bravura treatment of patients is put to the test when his colleague Forman (Omar Epps) contracts potentially fatal symptoms from a patient.
His belief that all human life is equally important is put to the test when he must choose between operating on an important politician, or a young boy who has been shot in the head.
The Happy Elf follows the story of Eubie, a hard-working Santa's helper whose positive take on life is put to the test when he decides to bring Christmas cheer to the gloomy town of Bluesville.
Along their journey, feelings get hurt, family issues intervene and their solid-as-a-rock friendships are put to the test.
A children's theater director and his actress wife are put to the test when they meet up with an old lady (played by Marian Seldes) who owns an abandoned historic theater they would dearly love to acquire.
Given the recent flood of congressional filibusters surrounding recent presidential nominations, Cox's intestinal fortitude may be put to the test before he even takes office.
Three prototypes of the HIMARS were "very successful" and "never missed a mission" when put to the test in Iraq with the 18th Airborne Corps' 3rd Battalion, 27th Field Artillery, Colvin said.