Adient PLC (NYSE: ADNT)

Adient plc designs, manufactures, and markets a range of seating systems and components for passenger cars, commercial vehicles, and light trucks. It operates through three segments: Seating, Seat Structures and Mechanisms (SS&M), and Interiors.

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

1-year chart of Adient (NYSE: ADNT)

Back at the end of 2018, ADNT had formed an important level of resistance to watch at around $25 (red) mark. The stock has made its way back to the level again, and a close above that $25 level should lead to higher prices.

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Dycom Industries, Inc. (NYSE: DY)

Dycom Industries, Inc. provides specialty contracting services in the United States. The company offers various specialty contracting services, including program management, engineering, construction, maintenance, and installation services, such as placement and splicing of fiber, copper, and coaxial cables to telecommunications providers.

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

After declining all of the past year, DY has now fallen into a sideways trading range. While in the range, the stock has formed a key resistance level at $50 (red), and a $45 support (green). At some point the stock will have to break one of the two levels.

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Toronto-Dominion Bank (NYSE: TD)

The Toronto-Dominion Bank, together with its subsidiaries, provides various personal and commercial banking products and services in Canada and the United States. The company operates through three segments: Canadian Retail, U.S. Retail, and Wholesale Banking.

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

TD has formed a down-channel over the past two months. A channel is simply formed through the combination of a trend line support that runs parallel to a trend line resistance.

When it comes to channels, remember that any (3) points can start the channel, but a 4th point or more confirms it. You can see that TD has tested its channel trendlines multiple times.

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Shopify Inc (NYSE: SHOP)

Shopify Inc. provides a cloud-based multi-channel commerce platform for small and medium-sized businesses in the United States, the United Kingdom, Canada, Australia, and internationally.

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

SHOP has runup against the $210 as resistance twice since mind-March. That level is also the barrier to a new 52-week high. SHOP is currently rallying back towards that $210 mark again, and a solid close above that resistance should lead to another leg higher for the stock.

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Iqvia Holdings Inc (NYSE: IQV)

Iqvia Holdings Inc. provides advanced analytics, technology solutions, and contract research services to the life sciences industry in the Americas, Europe, Africa, and the Asia-Pacific. It operates through three segments: Technology & Analytics Solutions, Research & Development Solutions, and Contract Sales & Medical Solutions.

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

IQV has stalled at the same $145 resistance area (red) multiple times over the past two months. The stock has recently rallied towards that mark again, and now it sits just a few ticks below that $145 level. A solid close above the resistance should lead to another leg higher for IQV.

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