Avalara Inc (NYSE: AVLR)

Avalara, Inc. provides cloud-based solutions for transaction tax compliance worldwide. It offers a suite of compliance solutions that enable businesses to address the complexity of transaction tax compliance; process transactions in real time; produce detailed records of transaction tax determinations; and reduce errors, audit exposure, and total transaction tax compliance costs.

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

After bottoming towards the end of 2018, AVLR rallied to new highs, and up into a sideways trading range. While in the range, the stock has formed a key resistance level at $75 (red), and a $65 area of support (green). At some point the stock will have to break one of the two levels.

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ServiceNow Inc (NYSE: NOW)

ServiceNow, Inc. provides enterprise cloud computing solutions that define, structure, manage, and automate services for enterprises worldwide.

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

NOW has stalled at the same $280 resistance (red) twice over the past month. The stock has recently turned lower, but it is still sitting just a few percentage points below that $280 level. A solid close above the resistance should lead to another leg higher for NOW.

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Allegion PLC (NYSE: ALLE)

Allegion plc manufactures and sells mechanical and electronic security products and solutions worldwide. The company offers door closers and controls; doors and door systems; electronic security products; electronic, biometric and mobile access control systems; exit devices; locks, locksets, portable locks, and key systems; time, attendance, and workforce productivity systems; and other accessories.

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

1-year chart of Allegion (NYSE: ALLE)

ALLE had been trending higher since its December low, but recently the stock has stalled at the $102.50 level (green) twice. That level was ALLE’s 52-week high resistance barrier, and now that the stock has broken above it, traders could look to enter a long position on a pullback down to the $102.50 area.

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Childrens Place Inc (NASDAQ: PLCE)

The Children’s Place, Inc. operates as a children’s specialty apparel retailer. The company operates through two segments, The Children’s Place U.S. and The Children’s Place International. It sells apparel, footwear, accessories, and other items for children; and designs, contracts to manufacture, and sells merchandise under the proprietary The Children’s Place, Place, and Baby Place brand names.

Take a look at the 1-year chart of Children’s (NASDAQ: PLCE) with the added notations:

PLCE has a formed an important level of support at $85 (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 $85 support were to break, lower prices will likely follow.

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Carrizo Oil & Gas Inc (NASDAQ: CRZO)

Carrizo Oil & Gas, Inc., an energy company, explores for, develops, and produces crude oil, natural gas liquids, and gas from resource plays primarily in the United States. The company holds interests in oil and gas plays, including the Eagle Ford Shale in South Texas; and the Permian Basin in West Texas.

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

CRZO has a formed an important level of support at $10 (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 $10 support were to break, lower prices will likely follow.

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