Canopy Growth Corp (NYSE: CGC)

Canopy Growth Corp. engages in the production and sale of medical cannabis. The company offers products including oils and concentrates, soft gel capsules and hemp. It focuses on the treatment of chronic pain, seizures, muscle spasms, nausea, and loss of appetite.

Take a look at the 1-year chart Canopy (NYSE: CGC) below with my added notations:

CGC had formed a key level of resistance at the $22.50 level (green) during the past few months. However, the stock broke through that resistance last week. If CGC comes back down to that $22.50 level, which should now act as support, a bounce could be expected.

Continue Reading »

Northrop Grumman Corp. (NYSE: NOC)

Northrop Grumman Corp. engages in the provision of security businesses. It includes products, systems, and solutions in autonomous systems, cyber, command, control, communications and computers, intelligence, surveillance and reconnaissance, strike, and logistics and modernization. It operates through the following business segments: Aerospace Systems, Mission Systems, and Technology Services.

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

NOC had been mostly in a sideways range over the past several months, while also stalling in the $380 area (green) a few times. That level was NOC’s 52-week high resistance barrier, and now that the stock has broken above it, traders should be able to expect it to take another leg higher.

Continue Reading »

Aaron’s, Inc. (NYSE: AAN)

Aaron’s, Inc. retails consumer electronics, computers, residential furniture, household appliances, and accessories. It engages in the lease ownership, lease and retail sale of products such as widescreen and liquid crystal display televisions, computers, living room, dining room and bedroom furniture, washers, dryers, and refrigerators. The company operates through the following business segments: Sales and Lease Ownership, Progressive, DAMI, Franchise, and Manufacturing.

Take a look at the 1-year chart of Aaron’s (NYSE: AAN) below with the added notations:

Over the course of the past 7 months, AAN has formed an important level to watch at the $60 (blue) mark. That level was support back in the summer and fall, and now that the stock is below $60, it has been tested it as resistance multiple times as well.

Continue Reading »

Ball Corporation (NYSE: BLL)

Ball Corp. provides metal packaging for beverages, foods and household products. It operates through the following business segments: Beverage Packaging, North and Central America; Beverage Packaging, South America; Beverage Packaging, Europe; and Aerospace.

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

Over the course of the past 6 months, BLL has formed an important level to watch at the $67.50 (blue) mark. That level was support back in July, and the stock has since tested it as resistance multiple times as well.

Continue Reading »

Ollie’s Bargain Outlet Holdings Inc (NASDAQ: OLLI)

Ollie’s Bargain Outlet Holdings, Inc. is a holding company, which engages in the retail of closeouts, excess inventory, and salvage merchandise.

Take a look at the 1-year chart of Ollie’s Bargain Outlet Holdings (NASDAQ: OLLI) with the added notations:

OLLI has formed an important level of support at $55 (green) over the past 5 months. The stock had rallied to multi-month highs back in December, but now that it has fallen back down, the $55 level is acting as support again. If the $55 support were to break, lower prices should follow for OLLI.

Continue Reading »