Bitauto Holdings Ltd (NYSE: BITA)

Bitauto Holdings Limited, through its subsidiaries, provides Internet content and marketing services, and transaction services for the automobile industry in the People’s Republic of China. It operates in three segments: Advertising and Subscription Business, Transaction Services Business, and Digital Marketing Solutions Business.

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

1-year chart of Bitauto (NYSE: BITA)

During the past 2 months, BITA has repeatedly hit the $12 mark (red) as resistance. The stock just tested that level again on Monday and turned lower once again. A solid close above that $12 level should lead to much higher prices for BITA.

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National Oilwell Varco, Inc. (NYSE: NOV)

National Oilwell Varco, Inc. designs, manufactures, and sells systems, components, and products for oil and gas drilling and production worldwide. It operates in three segments: Wellbore Technologies, Completion & Production Solutions, and Rig Technologies.

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

During the past few months, NOV had formed a very important level of support at $20 (red). Last week saw the stock break below that support. Not only did that imply lower prices for NOV, but the $20 level should now act as resistance on any future rallies.

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Globus Medical, Inc. (NYSE: GMED)

Globus Medical, Inc., a medical device company, focuses on the design, development, and commercialization of musculoskeletal implants that promote healing in patients with spine disorders

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

During the past 6 months, GMED has repeatedly hit the $50 mark (red) as resistance. The stock just tested that level again on Friday, and a solid close above that $50 level should lead to much higher prices for GMED.

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TransUnion (NYSE: TRU)

TransUnion provides risk and information solutions. The company operates in three segments: U.S. Information Services (USIS), International, and Consumer Interactive.

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

Over the past several weeks, TRU has formed an $85 resistance (red), while also starting a trend line of support (green). Together, these two lines have formed an ascending triangle on TRU. Eventually, the stock will have to break either the $85 resistance or the triangle support.

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Disney (NYSE: DIS)

The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company’s Media Networks segment operates cable-programming businesses under the ESPN, Disney, and other brands. Its Parks and Resorts segment owns and operates the Walt Disney World Resort in Florida and the Disneyland Resort in California. The company’s Studio Entertainment segment produces and acquires live-action and animated motion pictures for distribution in the theatrical, home entertainment, and television markets primarily under the Walt Disney Pictures, Pixar, Marvel, Lucasfilm, and Touchstone banners. 

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

DIS has formed a key level of support at $130 (green) during the past 3 months.  If the stock comes back down to that level again, traders could be able to expect some sort of a bounce. However, if the $130 support level were to break, lower prices should follow for DIS.

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