STMicroelectronics NV (NYSE: STM)

STMicroelectronics N.V., together with its subsidiaries, develops, manufactures, and markets semiconductor products worldwide. It operates through Automotive and Discrete Group; Analog, MEMS and Sensors Group; and Microcontrollers and Digital ICs Group segments.

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

1-year chart of ST (NYSE: STM)

STM has been trading sideways over the past six months. While in the sideways range, the stock has formed a support area at around $21 (green), and a level of resistance at $25 (red). At some point, the stock will have to break out of the current trading range.

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Boot Barn Holdings, Inc. (NYSE: BOOT)

Boot Barn Holdings, Inc., a lifestyle retail chain, operates specialty retail stores in the United States. The company’s specialty retail stores offer western and work-related footwear, apparel, and accessories for men, ladies, and kids.

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

BOOT has been trading sideways over the past several months. While in the sideways range, the stock has formed a support area around $17 (green), and a level of resistance at $20 (red).  At some point, the stock will have to break out of the current trading range.

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LifePoint Health, Inc. (NASDAQ: LPNT)

LifePoint Health, Inc., through its subsidiaries, owns and operates community hospitals, regional health systems, physician practices, outpatient centers, and post-acute facilities in the United States.

Take a look at the 1-year chart of LifePoint (NASDAQ: LPNT) below with my added notations:

1-year chart of LifePoint (NASDAQ: LPNT)

During the past six months, LPNT has formed a clear level of resistance to watch at the $51 (red) mark. The stock has tested that mark several times since the end of December. A solid close above that $51 level would most likely lead to higher prices for LPNT.

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Nike Inc (NYSE: NKE)

Nike, Inc., together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, and accessories worldwide.

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

Nike Inc (NYSE: NKE)

NKE has stalled at the same $70 resistance (red) three different times over the past couple of months. The stock has recently turned higher again, and is currently sitting just under that $70 level now. A solid close above the resistance should lead to another leg higher for NKE.

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Alcoa Corporation (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 added notations:

After peaking towards the end of April, AA fell into a sideways trading range. While in the range, the stock has formed a key resistance level at $55 (red), and a clear $50 support (green).  At some point the stock will have to break one of the two levels.

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