Marvell Technology Group Ltd. (NASDAQ: MRVL)

Marvell Technology Group Ltd. designs, develops, and markets analog, mixed-signal, digital signal processing, and embedded and standalone integrated circuits.

Take a look at the 1-year chart of Marvell (NASDQ: MRVL) below with added notations:

MRVL had been somewhat consolidating from November through February, and during that time also creating a resistance level at $24 (green), which was also MRVL’s 52-week high resistance barrier. Now that the stock has broken above that level, traders could look to enter a position on a decline back down to that $24 mark.

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Dynavax Technologies Corporation (NASDAQ: DVAX)

Dynavax Technologies Corporation, a clinical-stage immunotherapy company, focuses on leveraging the power of the body’s innate and adaptive immune responses through toll-like receptor (TLR) stimulation. Its product candidates are being investigated for use in multiple cancer indications, as a vaccine for the prevention of hepatitis B and as a disease modifying therapy for asthma.

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

1-year chart of Dynavax

DVAX has been trading sideways over the past couple of months. While in the sideways range, the stock has formed a support area at $16 (green), and a level of resistance at $18 (red). At some point, the stock will have to break out of the current trading range.

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Bank of Nova Scotia (NYSE: BNS)

The Bank of Nova Scotia provides various financial services in North America, Latin America, the Caribbean and Central America, and the Asia-Pacific. It offers financial advice and solutions, and day-to-day banking products, including debit and credit cards, chequing and saving accounts, investments, mortgages, loans, and related creditor insurance to individuals and small businesses; and commercial banking solutions comprising lending, deposit, cash management, and trade finance solutions to medium and large businesses, including automotive dealers and their customers.

Take a look at the 1-year chart of Nova (NYSE: BNS) below with added notations:

1-year chart of Nova (NYSE: BNS)

BNS has been trading sideways over the past month or so. While in the sideways range, the stock has formed a support area around $60 (green), and a level of resistance at $63 (red).  At some point, the stock will have to break out of the current trading range.

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Alcoa Corp (NYSE: AA)

Alcoa Corporation produces and sells bauxite, alumina, and aluminum products. The company offers aluminum sheets for the production of cans for beverage and food. It also engages in the aluminum smelting, casting, and rolling businesses; and generation and sale of renewable energy, as well as provision of ancillary services.

Take a look at the 1-year chart of Alcoa (NYSE: AA) below with the added notations:

1-year chart of Alcoa (NYSE: AA)

AA has formed a key support level at $44 (green) over the past several weeks. In addition, the level of $50 (red) has been key resistance on two separate occasions. If AA continues higher, the $50 level could send it back down again, while a break above that $50 level likely means higher prices.

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Hyatt Hotels Corporation (NYSE: H)

Hyatt Hotels Corporation, a hospitality company, develops, owns, operates, manages, franchises, licenses, or provides services to hotels, resorts, residential, and other properties. It operates in four segments: Owned and Leased Hotels, Americas Management and Franchising, ASPAC Management and Franchising, and EAME/SW Asia Management and Franchising.

Take a look at the 1-year chart of Hyatt (NYSE: H) with the added notations:

1-year chart of Hyatt (NYSE: H)

H may have formed a bearish chart pattern known as a double top. Double tops are reversal patterns and are as simple as they sound: Rallying up to a point (T), selling off to a support, and then rallying back up again to approximately the same top (T).

H appears to have formed the double top price pattern (red) over the last 2 months. As with any price pattern, a confirmation of the pattern is needed. H would confirm its pattern by breaking the $75 support (green) created by the double top pattern.

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