Ollie’s Bargain Outlet Holdings Inc (NASDAQ: OLLI)

Ollie’s Bargain Outlet Holdings, Inc. is a holding company, which engages in the retail of closeouts, excess inventory, and salvage merchandise.

Take a look at the 1-year chart of Ollie’s Bargain Outlet Holdings (NASDAQ: OLLI) with the added notations:

OLLI has formed an important level of support at $55 (green) over the past 5 months. The stock had rallied to multi-month highs back in December, but now that it has fallen back down, the $55 level is acting as support again. If the $55 support were to break, lower prices should follow for OLLI.

Continue Reading »

Kohl’s Corporation (NYSE: KSS)

Kohl’s Corp. owns and operates family-oriented department stores. It offers exclusive brand apparel, shoes, accessories and home & beauty products through its department stores.

Take a look at the 1-year chart of Kohl’s (NYSE: KSS) with the added notations:

KSS has a common level of support at $45 (red) over the past 9 months. The stock had fallen below that mark in August, but now that it is back above it, the $45 level is acting as support once again. If the $45 support were to break, lower prices should follow for KSS.

Continue Reading »

Advance Auto Parts, Inc. (NYSE: AAP)

Advance Auto Parts, Inc. provides automotive replacement parts, accessories, batteries, and maintenance items for domestic and imported cars, vans, sport utility vehicles, and light and heavy-duty trucks.

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

AAP has formed an important level of support at $150 (red) over the past 12 months. The stock had fallen below that mark in August, but now that it is back above it, the $150 level is acting as support once again. If the $150 support were to break, lower prices should follow for AAP.

Continue Reading »

Facebook, Inc. (NASDAQ: FB)

Facebook, Inc. operates as a social networking company worldwide. The company engages in the development of social media applications for people to connect through mobile devices, personal computers, and other surfaces.

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

FB has formed an up-channel chart pattern over the past 3 months. A channel is formed through the combination of a trend line support that runs parallel to a trend line resistance. When it comes to channels, any (3) points can start the pattern, but it truly takes a 4th or more to confirm it. As of yesterday’s move, it appears FB may have just hit its 4th point.

Continue Reading »

Arbor Realty Trust, Inc. (NYSE: ABR)

Arbor Realty Trust, Inc. operates as real estate investment trust, which engages in the provision of loan origination and servicing for multifamily, seniors housing, healthcare, and diverse commercial real estate assets. It operates through the Structured Business and Agency Business segments.

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

ABR has formed key support at $14 (green) over the month. The stock is also declining against a potential down trending resistance line (red). These two levels combined have ABR 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 »