PepsiCo, Inc. (NASDAQ: PEP)

PepsiCo, Inc. operates as a food and beverage company worldwide. The company was founded in 1898 and is headquartered in Purchase, New York.

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

1-year chart of Pepsi (NASDAQ: PEP)

Over the past several weeks, PEP has created a key level of support at $114 (green). That line is also the “neckline” for the stock’s head and shoulders (H&S) reversal pattern. Above the neckline you will notice the H&S pattern itself (red).

Confirmation of the H&S would occur if PEP were to break the support, and lower prices would be expected from there.

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Visa Inc (NYSE: V)

Visa Inc. operates as a payments technology company worldwide. The company facilitates commerce through the transfer of value and information among consumers, merchants, financial institutions, businesses, strategic partners, and government entities.

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

After rallying from its February low, V has now moved into a sideways trading range. While in the range, the stock has formed a key resistance level at $145 (red), and a $130 support (green). At some point the stock will have to break one of the two levels.

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MEDNAX Inc (NYSE: MD)

Mednax, Inc., together with its subsidiaries, provides newborn, anesthesia, maternal-fetal, radiology, pediatric cardiology, and other pediatric subspecialties physician services in the United States and Puerto Rico.

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

1-year chart of Mednax (NYSE: MD)

MD has formed a key level of support at $38 (green). The stock has fallen back down to that level again, and traders should be able to expect some sort of a bounce from there. However, if the $38 support level were to break, lower prices should follow for MD.

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Buckle Inc (NYSE: BKE)

The Buckle, Inc. operates as a retailer of casual apparel, footwear, and accessories for young men and women in the United States. It markets a selection of brand name casual apparel, including denims, other casual bottoms, tops, sportswear, outerwear, accessories, and footwear, as well as private label merchandise.

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

1-year chart of Buckle (NYSE: BKE)

BKE has a major level of support at $18 (green). The stock has made 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 $18 support area were to break, much lower prices will likely follow.

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Costco Wholesale Corporation (NASDAQ: COST)

Costco Wholesale Corporation, together with its subsidiaries, operates membership warehouses. It offers branded and private-label products in a range of merchandise categories.

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

1-year chart of Costco (NASDAQ: COST)

COST has a key area of support around $217 (green). The stock looks like its making its way back down to that level again, and if so traders should expect some sort of a bounce from there. However, if the $217 support area were to break, lower prices will likely follow.

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