BB&T Corporation (NYSE: BBT)

BB&T Corporation operates as a financial holding company that provides various banking and trust services for small and mid-size businesses, public agencies, local governments, and individuals.

Take a look at the 1-year chart of BB&T (NYSE: BBT) below with the added notations:

BBT has been rallying along with the market during the past week and has now made its way back up to a key level of $50 (blue). Not only did the stock find support at that mark for 8 straight months, but $50 has also been hit as resistance there earlier this month and back in December. The $50 mark should be an inflection point for BBT in the coming days.

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American Airlines Group Inc (NASDAQ: AAL)

American Airlines Group Inc., through its subsidiaries, operates as a network air carrier. It provides scheduled air transportation services for passengers and cargo.

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

1-year chart of American (NASDAQ: AAL)

AAL has been rallying higher for the past week or so, eventually making its way back up to a key level around $36 (blue). The stock found support in that area a couple of times back in July and August, and also hit resistance there earlier this month. The $36 mark should be pivotal in dictating AAL’s next move.

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Avis Budget Group Inc. (NASDAQ: CAR)

Avis Budget Group, Inc., together with its subsidiaries, provides car and truck rentals, car sharing, and ancillary services to businesses and consumers worldwide.

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

1-year chart of Avis (NASDAQ: CAR)

During the past couple of months, CAR had formed an important level of support at $30 (red). Last week saw the stock break below that support. Not only does that imply lower prices for CAR, but the $30 level should now act as resistance on any future rallies.

The Tale of the Tape: CAR broke a key level of support at $30. A trader could enter a short position on any rallies up to or near $30 with a stop placed above the level. If the stock were to break back above the $30 level, a long position might be entered instead.

Before making any trading decision, decide which side of the trade you believe gives you the highest probability of success. Do you prefer the short side of the market, long side, or do you want to be in the market at all? If you haven’t thought about it, review the overall indices themselves. For example, take a look at the S&P 500. Is it trending higher or lower? Has it recently broken through a key resistance or support level? Making these decisions ahead of time will help you decide which side of the trade you believe gives you the best opportunities.

No matter what your strategy or when you decide to enter, always remember to use protective stops and you’ll be around for the next trade. Capital preservation is always key!

Good luck!

Christian Tharp, CMT

Cirrus Logic, Inc. (NASDAQ: CRUS)

Cirrus Logic, Inc., a fabless semiconductor company, develops, manufactures, and markets analog and mixed-signal integrated circuits (ICs) for a range of consumer and industrial markets.

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

1-year chart of Cirrus (NASDAQ: CRUS)

CRUS has a key level of support at $35 (green). The stock has almost made its way back down to that level again, and traders might be able to expect some sort of a bounce from there, if it does. However, if the $35 support level were to break, lower prices should follow.

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Integra Lifesciences Holdings Corp (NASDAQ: IART)

Integra LifeSciences Holdings Corporation develops, manufactures, and markets surgical implants and medical instruments for use in neurosurgery, extremity reconstruction, orthopedics, and general surgery.

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

1-year chart of Integra (NASDAQ: IART)

IART has formed key support in the $60 (green) area over the past month, a level that was also resistance back August. The stock also has a down trending resistance line (red). These two levels combined have IART 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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