Jefferies Financial Group Inc (NYSE: JEF)

Jefferies Financial Group Inc., a financial services company, offers a range of products and services in investment banking, equities, fixed income, and wealth management in the Americas, Europe, and Asia.

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

1-year chart of Jeffries (NYSE: JEF)

JEF has formed a relatively clear up-channel over the past several weeks. A channel is simply the combination of a trend line support that runs parallel to a trend line resistance. When it comes to channels, remember that any (3) points can start the channel, but a 4th point or more confirms it. JEF has several points of channel resistance (red) and support (green).

Continue Reading »

Novocure Ltd (NASDAQ: NVCR)

Novocure Ltd. operates as an oncology company. It engages in developing its propriety technology, Tumor Treating Fields, which uses electric fields tuned to specific frequencies to disrupt cancer cell division, inhibiting tumor growth, and causing affected cancer cells to die.

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

1-year chart of Novocure (NASDAQ: NVCR)

NVCR had been trading somewhat sideways since the beginning of June, while repeatedly stalling at the $32 level (green). That level was also NVCR’s 52-week high resistance barrier, and now that the stock has broken above it, traders could look to enter a position on a pullback down to the $32 area.

Continue Reading »

Applied Optoelectronics Inc (NASDAQ: AAOI)

Applied Optoelectronics, Inc. designs, manufactures, and sells various fiber-optic networking products worldwide. It offers optical modules, lasers, transmitters and transceivers, and turn-key equipment, as well as headend, node, and distribution equipment.

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

1-year chart of Applied (NASDAQ: AAOI)

During the past nine months, AAOI has formed a level of resistance to watch at the $50 (red) mark. The stock has tested that mark twice since mid-October. A solid close above that $50 level would most likely lead to higher prices for AAOI.

Continue Reading »

Marvell Technology Group Ltd. (NASDAQ: MRVL)

Marvell Technology Group Ltd. designs, develops, and markets analog, mixed-signal, digital signal processing, and embedded and standalone integrated circuits.

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

1-year chart of Marvell (NASDAQ: MRVL)

MRVL has a key level of support at $20 (green). The stock looks like it may be getting ready to make its way back down to that level again, and traders should be able to expect some sort of a bounce from there. However, if the $20 support level were to break, lower prices should follow.

Continue Reading »

Cadence Bancorp (NYSE: CADE)

Cadence Bancorporation operates as the bank holding company for Cadence Bank, N.A. that provides commercial banking products and services to businesses, high net worth individuals, business owners, and retail customers in the United States.

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

1-year chart of Cadence (NYSE: CADE)

Over the past 5 months, CADE has formed a trend line of support (green), which has been tested multiple times. The stock is currently sitting right on that line, and a bounce should be expected. A break of the trend line would most likely lead to lower prices for CADE.

Continue Reading »