Visa Inc. (NYSE: V)

Visa Inc. operates as a payments technology company worldwide. The company facilitates commerce through the transfer of value and information among consumers, merchants, financial institutions, businesses, strategic partners, and government entities.

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

V had been trading in a sideways range since April, while also stalling in the $165 area (red). That level was V’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 $165 area.

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Automatic Data Processing (NASDAQ: ADP)

Automatic Data Processing, Inc. provides business process outsourcing services worldwide. It operates through two segments, Employer Services and Professional Employer Organization (PEO) Services.

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

1-year chart of Automatic (NASDAQ: ADP)

ADP has formed key support at $155 (green) over the past two months. The stock is also declining against a down trending resistance line (red). These two levels combined have ADP stuck within a common chart pattern known as a descending triangle. Eventually, the stock will have to break one of those two levels.

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Westlake Chemical Corporation (NYSE: WLK)

Westlake Chemical Corporation manufactures and markets basic chemicals, vinyls, polymers, and building products worldwide. It operates through two segments, Olefins and Vinyls.

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

1-year chart of Westlake (NYSE: WLK)

Over the course of the past 3 months, WLK has formed an important level to watch at the $65 (blue) mark. That level was support back in March, resistance in May, and now the stock is headed back up to the level.

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TEGNA Inc. (NYSE: TGNA)

TEGNA Inc. operates as a media company in the United States. The company operates television stations and radio stations that deliver television programming and digital content. It offers content and information to consumers across various platforms.

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

Over the course of the past 3 months, TGNA has formed an important level to watch at the $15 (blue) mark. That level was resistance back in March, and has now acted as support for the past several weeks.

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Skyline Champion Corp. (NYSE: SKY)

Skyline Champion Corporation operates as a factory-built housing company in North America. The company offers manufactured and modular homes, as well as park-models and modular buildings for the multi-family, hospitality, and senior and workforce housing sectors.

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

After declining for the entire 2nd half of 2018, SKY rallied to the point of creating a key level of resistance at $22 (green). The stock then broke above that mark a couple of weeks ago, and is now pulling back. If SKY continues to fall, the $22 level should attempt to provide support for a higher move. 

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