Sensata Technologies Holding N.V. (NYSE: ST)

Sensata Technologies Holding N.V, through its subsidiaries, engages in the development, manufacture, and sale of sensors and controls primarily in the Americas, the Asia Pacific, and Europe. The company operates in two segments, Sensors and Controls. The company offers its products primarily under the Sensata, Klixon, Airpax, and Dimensions brand names. It serves original equipment manufacturers and suppliers in the automotive, industrial, and commercial end-markets; and industrial and commercial manufacturers and suppliers in the climate control, appliance, semiconductor, datacomm, telecommunications, and aerospace industries, as well as motor and compressor suppliers.

Please take a look at the 1-year chart of ST (Sensata Technologies Holding N.V.) below with my added notations:

1-year chart of ST (Sensata Technologies Holding N.V.)

For the most part, ST has been trading sideways for the last (7) months. The two most common price levels on this stock during that period of time have been $37 and $39. Each of those prices has been support and/or resistances multiple times. In addition, $41 has been hit as resistance on (2) different occasions and would be a 52-week high if ST could break above it.

ATTENTION SUBSCRIBERS!

Join our new Linkedin Group by clicking the link below:

Stock Trading & Investing for Everyone

The Tale of the Tape: ST is currently trading between $39 and $41. A long trade could be made on a pullback to $39 or on a break above $41. A short trade could be made on a break below $39.

Don’t forget to join our new Linkedin group by clicking the link below to get free, live updates and commentary:

Stock Trading & Investing for Everyone

Before making any trading decision, decide which side of the trade you believe gives you the highest probability of success. Do you prefer the short side of the market, long side, or do you want to be in the market at all? If you haven’t thought about it, review the overall indices themselves. For example, take a look at the S&P 500. Is it trending higher or lower? Has it recently broken through a key resistance or support level? Making these decisions ahead of time will help you decide which side of the trade you believe gives you the best opportunities.

No matter what your strategy or when you decide to enter, always remember to use protective stops and you’ll be around for the next trade. Capital preservation is always key!

Good luck!

Christian Tharp, CMT

Follow me on Twitter: @cmtstockcoach