Advanced Micro Devices, Inc. (NASDAQ: AMD)

Advanced Micro Devices, Inc. operates as a semiconductor company worldwide. It operates in two segments, Computing and Graphics; and Enterprise, Embedded and Semi-Custom.

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

1-year chart of Advanced (NASDAQ: AMD)

During the past month, AMD has formed a level of resistance to watch at the $22 (red) mark. The stock has tested that mark a couple of times since the beginning of November. A close above that $22 level would most likely lead to higher prices for AMD.

Continue Reading »

Aon PLC (NYSE: AON)

Aon plc provides risk management services, insurance and reinsurance brokerage, and human resource consulting and outsourcing services worldwide. The company operates through two segments, Risk Solutions and HR Solutions.

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

AON has formed a key level of support at $160 (green). The stock looks like it’s falling back down to that level again, and traders should be able to expect some sort of a bounce from there, if it does. However, if the $160 support level were to break, lower prices should follow.

Continue Reading »

Analog Devices, Inc. (NASDAQ: ADI)

Analog Devices, Inc. designs, manufactures, and markets a portfolio of solutions that leverage analog, mixed-signal, and digital signal processing technology, including integrated circuits (ICs), algorithms, software, and subsystems.

Take a look at the 1-year chart of Analog Devices, Inc (NASDAQ: ADI) below with added notations:

1-year chart of Analog (NASDAQ: ADI)

ADI had been trading sideways for the past few weeks. During that time, the stock formed a key resistance at $90 (red) and a key level of support at $84 (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 resistance.

Continue Reading »

Dollar Tree, Inc. (NASDAQ: DLTR)

Dollar Tree, Inc. operates discount variety retail stores in the United States and Canada. It operates through two segments, Dollar Tree and Family Dollar. The Dollar Tree segment offers merchandise at the fixed price of $1.00.

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

1-year chart of Dollar (NASDAQ: DLTR)

DLTR has a key level of support at $80 (green). The stock looks like it’s falling back down to that level again, and traders should be able to expect some sort of a bounce from there, if it does. However, if the $80 support level were to break, lower prices should follow.

Continue Reading »

ArcelorMittal (NYSE: MT)

ArcelorMittal, together with its subsidiaries, owns and operates steel manufacturing and mining facilities in Europe, North and South America, Asia, and Africa.

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

1-year chart of Arcelor (NYSE: MT)

During the past several weeks, MT had formed an important level of support at $24 (red). Tuesday saw the stock break below that support. Not only does that imply lower prices for MT, but the $24 level should now act as resistance on any future rallies, as it did on Wednesday.

Continue Reading »