Milacron Holdings Corp (NYSE: MCRN)

Milacron Holdings Corp. manufactures, distributes, and services engineered and customized systems within the plastic technology and processing industry in the United States and internationally. The company operates through three segments: Advanced Plastic Processing Technologies (APPT), Melt Delivery and Control Systems (MDCS), and Fluid Technologies (Fluids).

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

1-year chart of Milacron (NYSE: MCRN)

After trending lower at the end of 2018, MCRN formed what appears to be a double bottom (blue) price pattern. Bottoming, rallying up to a point, selling back off to a similar bottom, and then rallying back up again forms the pattern. As with any price pattern, a confirmation of the pattern is needed.

MCRN confirmed the pattern by breaking up through the $15 resistance (green) that was created by the double bottom pattern.

Continue Reading »

Citrix Systems, Inc. (NASDAQ: CTXS)

Citrix Systems, Inc. provides workspace, networking, and analytics solutions worldwide. The company offers workspace services, including Citrix Virtual Apps and Desktops, a cloud-enabled app and desktop virtualization solution that gives customers the flexibility to deliver desktops and applications as a service from cloud and on-premises datacenters; and Citrix Virtual Apps that allows Windows and Linux applications to be remotely delivered to Macs, PCs, thin clients, and Android/iOS mobile devices from any cloud, on-premises datacenter, or both.

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

1-year chart of Citrix (NASDAQ: CTXS)

CTXS has a key area of support around $98 (green). The stock looks like it may be making its way back down to that area again, and traders should be able to expect some sort of a bounce from there. However, if the $98 support were to break, lower prices will likely follow.

Continue Reading »

Agilent Technologies Inc (NYSE: A)

Agilent Technologies, Inc. provides application focused solutions to the life sciences, diagnostics, and applied chemical markets worldwide. It operates through three segments: Life Sciences and Applied Markets, Diagnostics and Genomics, and Agilent CrossLab.

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

1-year chart of Agilent (NYSE: A)

During the past 3 months, A has formed a key level of support at $75 (green), which is a level that was also resistance back in December. If the stock comes back down $75 again, traders could be able to expect some sort of a bounce. However, if the $75 support level were to break, lower prices should follow for A.

Continue Reading »

ConocoPhillips (NYSE: COP)

ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids worldwide. The company primarily engages in the tight oil reservoirs, LNG, oil sands, and other production operations.

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

COP has formed key support in the $65 (green) area over the past four months. The stock is also declining against a down trending resistance line (red). These two levels combined have COP stuck within a common chart pattern known as a descending triangle. Eventually, the stock will have to break one of those two levels.

Continue Reading »

Thor Industries, Inc. (NYSE: THO)

Thor Industries, Inc., through its subsidiaries, designs, manufactures, and sells recreational vehicles (RVs), and related parts and accessories primarily in the United States and Canada. It operates in two segments, Towable Recreational Vehicles and Motorized Recreational Vehicles.

Take a look at the 1-year chart Thor (NYSE: THO) below with my added notations:

THO had formed a key level of resistance at the $70 level (red) during the past several months. However, the stock broke through that resistance yesterday. If THO comes back down to that $70 level, which should now act as support, a bounce could be expected.

Continue Reading »