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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Sensata Technologies Holding PLC (NYSE: ST)

Sensata Technologies Holding PLC would be operating as a holding company for Sensata Technologies Holding N.V. that develops, manufactures, and sells sensors and controls in the Americas, Asia, and Europe. It operates in two segments, Performance Sensing and Sensing Solutions.

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

1-year chart of Sensata (NYSE: ST)

ST has a key level of support at $50 (green). The stock looks like its making its way back down to that level again, and traders should be able to expect some sort of a bounce from there. However, if the $50 support level were to break, lower prices should follow.

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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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