Portland General Electric Co. (NYSE: POR)

Portland General Electric Co. is a vertically integrated electric utility company, which engages in the generation, purchase, transmission, distribution, and retail of electricity. The firm sells electricity and natural gas in the wholesale market to utilities, brokers, and power marketers.

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

POR has formed an important level of support at $54 (green) during the past several months.  The stock looks like it might be coming back down to that level again, and traders could expect some sort of a bounce, if it does. However, if the $54 support level were to break, lower prices should follow for POR.

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Aerie Pharmaceuticals, Inc. (NASDAQ: AERI)

Aerie Pharmaceuticals, Inc. engages in the discovery, development, and commercialization of therapies for the treatment of patients with open-angle glaucoma, retinal diseases and other diseases of the eye. Its products include Rhopressa, Roclatan, AR-13503, and AR-1105.

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

AERI has hit the $25 mark (red) as resistance multiple times over the past several months. The stock has recently reached that level again, and now could be looking to finally break higher. A solid close above $25 should lead to much higher prices for AERI.

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Grocery Outlet Holding Corp. (NASDAQ: GO)

Grocery Outlet Holding Corp. engages in the operation of retail stores. It offers name-brand consumables and fresh products through a network of independently operated stores.

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

After peaking in August, GO has now fallen into a sideways trading range. While in the range, the stock has formed a key resistance area at $34 (red), and a $30 support level (green).  At some point the stock will have to break one of the two levels.

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Aecom (NYSE: ACM)

Aecom engages in the design, build, finance, and operation of infrastructure assets for governments, businesses and organizations. It operates through the following segments: Design and Consulting Services, Construction Services, Management Services, and Aecom Capital.

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

ACM has hit the same $44 resistance area on multiple occasions over the past couple of months. The stock now sits just a couple percentage points below that level. The stock closing above $44 will likely lead to another leg higher for ACM.

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Nutanix, Inc. (NASDAQ: NTNX)

Nutanix, Inc. engages in the provision of enterprise virtualization and storage solutions. It specializes in cloud operating system that converges traditional silos of server, virtualization, storage, and networking into one integrated solution and unifies private and public cloud into a single software fabric. Its products are offered through the Acropolis and Prism brands.

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

Over the past four months, NTNX has been trending higher, while also forming a trend line of support (green) along the way. Always remember that any (2) points can start a trend line, but it’s the 3rd test and beyond that confirm its relevance. A pullback to the NTNX line provides trading opportunities, one way or another.

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