Apple (NASDAQ: AAPL)

Apple Inc. designs, manufactures, and markets mobile communication and media devices, and personal computers to consumers, and small and mid-sized businesses; and education, enterprise, and government customers worldwide. The company also sells related software, services, accessories, networking solutions, and third-party digital content and applications.

Take a look at the 1-year chart of Apple (NASDAQ: AAPL) with the added notations:

AAPL appears to have formed a down-channel chart pattern over the past couple of months. A channel is simply formed through the combination of a trend line support that runs parallel to a trend line resistance.  When it comes to channels, remember that any (3) points can start the channel, but a 4th point or more confirms it. You can see that AAPL seems to have bounced off channel support. 

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Charter Communications (NASDAQ: CHTR)

Charter Communications, Inc., through its subsidiaries, provides cable services to residential and commercial customers in the United States. It offers subscription-based video services, including video on demand, high definition television, digital video recorder, pay-per-view, spectrum guide services, and a package of basic video programming, as well as ad-supported free online video products.

Take a look at the 1-year chart of Charter (NASDAQ: CHTR) below with added notations:

CHTR had been trading sideways since the end of March. During that period of time, the stock formed a resistance area at $320 (red) and a level of support at $300 (green).  At some point the stock had to break one of the two levels created by the rectangle pattern, and yesterday the stock broke the support. 

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United Parcel Service, Inc. (NYSE: UPS)

United Parcel Service, Inc. provides letter and package delivery, specialized transportation, logistics, and financial services. It operates through three segments: U.S. Domestic Package, International Package, and Supply Chain & Freight.

Take a look at the 1-year chart of United Parcel Service (NYSE: UPS) below with my added notations:

1-year chart of United (NYSE: UPS)

During the past two months, UPS has formed a clear level of resistance to watch at the $111 (red) mark. The stock has tested that mark a couple of times since mid-March. A solid close above that $111 level would most likely lead to higher prices for UPS.

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Torchmark Corporation (NYSE: TMK)

Torchmark Corporation, through its subsidiaries, provides various life and health insurance products, and annuities in the United States, Canada, and New Zealand. It operates through four segments: Life Insurance, Supplemental Health Insurance, Annuities, and Investments.

Take a look at the 1-year chart of Torchmark (NYSE: TMK) below with my added notations:

During the past two months, TMK has formed a clear level of resistance to watch at the $88 (red) mark. The stock has tested that mark a couple of times since the end of February. A solid close above that $88 level would most likely lead to higher prices for TMK.

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Visa Inc. (NYSE: V)

Visa Inc. operates as a payments technology company worldwide. The company facilitates commerce through the transfer of value and information among consumers, merchants, financial institutions, businesses, strategic partners, and government entities.

Take a look at the 1-year chart of Visa (NYSE: V) below with my added notations:

During the past two months, V has formed a clear level of resistance to watch at the $125 (red) mark. The stock has tested that mark multiple times since the end of February. A solid close above that $125 level would most likely lead to higher prices for V.

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