General Motors Company (NYSE: GM)

General Motors Company designs, builds, and sells cars, trucks, crossovers, and automobile parts worldwide. The company operates through GM North America, GM International, GM Cruise, and GM Financial. It markets its vehicles primarily under the Buick, Cadillac, Chevrolet, GMC, Holden, Baojun, Jiefang, and Wuling brand names.

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

GM has runup against its $40 as resistance multiple times since the beginning of February. That level is also the barrier to a new 52-week high. GM is currently rallying back towards that $40 mark again, and a solid close above that resistance should lead to another leg higher for the stock.

Continue Reading »

Edwards Lifesciences Corp (NYSE: EW)

Edwards Lifesciences Corporation provides products and technologies for structural heart disease and critical care monitoring in the United States and internationally. It offers transcatheter heart valve therapy products comprising transcatheter aortic valve replacement, and transcatheter mitral and tricuspid therapies for the nonsurgical replacement of heart valves.

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

Over the past several weeks, EW has formed a $195 resistance (red), while also climbing a trend line of support (green). Together, these two lines have formed an ascending triangle on EW. Eventually, the stock will have to break either the $195 resistance or the triangle support.

Continue Reading »

Monster Beverage Corp (NASDAQ: MNST)

Monster Beverage Corporation, through its subsidiaries, develops, markets, sells, and distributes energy drink beverages and concentrates in the United States and internationally. It operates through three segments: Monster Energy Drinks, Strategic Brands, and Other.

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

1-year chart of Monster (NASDAQ: MNST)

MNST has runup against its $66 as resistance multiple times since the end of February. That level is also the barrier to a new 52-week high. MNST is currently rallying back towards that $66 mark again, and a solid close above that resistance should lead to another leg higher for the stock.

Continue Reading »

Twilio Inc (NYSE: TWLO)

Twilio Inc. provides a cloud communications platform that enables developers to build, scale, and operate communications within software applications in the United States and internationally.

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

TWLO has run-up against its $150 resistance twice, a level that is also the barrier to a new 52-week high. In addition, the stock is climbing a clear trendline of support. At some point, one of those two levels will break, and that break should signal TWLO’s next big move.

Continue Reading »

Resideo Technologies, Inc (NYSE: REZI)

Resideo Technologies, Inc. provides critical comfort, thermal, and security solutions primarily in residential environments in the United States, Europe, and internationally. The company operates in two segments, Products and Solutions, and Global Distribution.

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

REZI has a formed a major level of support at $19 (green).  The stock looks like it may be making its way back down to there again, and traders should be able to expect some sort of a bounce from there, if it does. However, if the $19 support were to break, lower prices will likely follow.

Continue Reading »