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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.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
References in periodicals archive ?
The 1200 kV CVT that will form a part of the Power Grid Corporation of India's ultra-high voltage test station is yet another proof of this commitment.
One staff member from the test station, who wished to remain anonymous, said: "I am bitterly disappointed to be told I'm being made redundant.
"Indefinite certification means missile test station data will now only be required by the Navy once a year to maintain certification," Hunt said.
Robinson flew his TBM Avenger, nicknamed "JoDo," on a test flight of air-to-ground rockets at the newly established Naval Ordnance Test Station Inyokern, Calif., in 1943.
An empty steel build-pallet rolls off of the line onto the AGV's deck, and the vehicle carries it part-way along the length of the line to the cold test station. All of the engines must be removed from the line for testing at this off-line test station.
"Just as we collaborated to implement a test station as we led the nation's transition to digital and HDTV, this partnership will help us test and experiment with this flexible new standard across a variety of applications and with fixed and mobile receivers in a real-world environment," said CTA President/CEO Gary Shapiro.
A section of the site spotlights the FlexCat Cathodic Test Station, described as a modified version of the Flex-Tough marker that provides flexibility and impact resistance while serving as a two-terminal cathodic protection test station.
Norwood, MA, July 11, 2010 --(PR.com)-- The new iTHERM-200[TM] Thermal Test Station includes a freestanding wind tunnel, an automated wind tunnel controller, sensors and a temperature and air velocity scanner.
The jigs are mounted on a modified version of the EB 07 triple temperature oven, permitting each test station to be run at different temperatures.
The HDT 306 costs 20% less than the basic configuration of the company's popular six-station HDT 603, yet it incorporates many of the same features, such as pneumatic raising and lowering of the test station, air-bearing-guided loading rods for friction-free operation, and a built-in specimen basket to catch dislodged specimens.
Says Marlin Turbett, senior project engineer, "We'll produce twice the data in essentially the same space as before." Because the work is being done off-line, when the pallet arrives at the test station, there are just five connections required [power, signal, hydraulic, in and out, and mechanical] before data starts being collected.
The Connecticut Department of Motor Vehicles (DMV) recently announced the removal of the first state emissions test station for alleged fraudulent activity.