Key Resistance and Support Levels Emerge in NCR Corp. (NCR)

NCR Corp. (NCR) is trading in a horizontal channel, also known as a rectangle pattern. Traders should be ready for the stock to breakout or breakdown in the near future…

NCR Corp. (NCR) designs and services automated systems that streamline interactions between businesses and consumers. The company is the largest global vendor of ATMs and also sells point-of-sale terminals and self-service check-out systems for retail stores, airlines, and hotels. While the company is seeing a decline in ATM revenues from the coronavirus, hit is being offset by a strong demand for software and service solutions across banking and financial services.

Take a look at the 1-year chart of NCR below with added notations…

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