J B Hunt Transport Services Inc (NASDAQ: JBHT)

J.B. Hunt Transport Services, Inc., together with its subsidiaries, provides surface transportation and delivery services in the continental United States, Canada, and Mexico. It operates in four segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), and Truckload (JBT).

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

JBHT has formed a down-channel over the past three months. A channel is simply formed through 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. You can see that JBHT has tested its channel multiple times.

Continue Reading »

Baidu Inc (NASDAQ: BIDU)

Baidu, Inc. provides Internet search services in China and internationally. It operates through two segments, Baidu Core and iQIYI.

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

1-year chart of Baidu (NASDAQ: BIDU)

BIDU has formed a key level of support at $160 (green) during the past 4 months. The stock just hit that level again and got a bounce. However, if the $160 support level were to break, lower prices should follow for BIDU.

Continue Reading »

Lazard Ltd (NYSE: LAZ)

Lazard Ltd, together with its subsidiaries, operates as a financial advisory and asset management firm worldwide. Its Financial Advisory segment offers various financial advisory services regarding mergers and acquisitions and other strategic matters, restructurings, capital structure, capital raising, shareholder advisory, and various other financial matters. The company’s Asset Management segment offers a range of investment solutions and investment management services in equity and fixed income strategies; and alternative investments and private equity funds.

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

Over the past several months, LAZ has formed a $40 resistance (red). In addition, the stock is climbing a trend line of support (green). Together, these two lines have formed an ascending triangle on LAZ. Eventually, the stock will have to break either the $40 resistance or the triangle support.

Continue Reading »

Atlassian Corporation PLC (NASDAQ: TEAM)

Atlassian Corporation Plc, through its subsidiaries, designs, develops, licenses, and maintains various software products worldwide. It provides project tracking, content creation and sharing, and service management products.

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

TEAM has a formed an important level of support at $100 (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 $100 support were to break, lower prices will likely follow.

Continue Reading »

International Paper Co (NYSE: IP)

International Paper Company operates as a paper and packaging company primarily in North America, Europe, Latin America, North Africa, India, and Russia. It operates through three segments: Industrial Packaging, Global Cellulose Fibers, and Printing Papers.

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

After bottoming in December, IP has rallied up into a sideways trading range. While in the range, the stock has formed a key resistance level at $48 (red), and a $44 support (green). At some point the stock will have to break one of the two levels.

Continue Reading »