Allegion PLC (NYSE: ALLE)

Allegion Plc provides security products and solutions that keep people safe, secure and productive. It operates through the following three geographic segments: Americas; Middle East, India, and Africa (EMEIA); and Asia Pacific.

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

1-year chart of Allegion (NYSE: ALLE)

ALLE has formed an up-trending resistance line and an up-trending support level (green). These two lines are converging on one another to form a rising wedge, which is a viewed as a bearish pattern. Confirmation of the pattern would occur if the ALLE broke the up-trending support, which currently sits around $96.

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Flowserve Corp (NYSE: FLS)

Flowserve Corp. engages in the manufacture and provision of aftermarket service for comprehensive flow control systems. It operates through the following segments: Flowserve Pump Division and Flow Control Division. 

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

1-year chart of Flowserve (NYSE: FLS)

Over the past several weeks, FLS has hit the $30 resistance (red) on two separate occasions. In addition, the stock has been climbing a trend line of support (green) since the middle of March. Together, these two lines have formed an ascending triangle on FLS. Eventually, the stock will have to break either the $30 resistance or the triangle support.

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Parker-Hannifin Corp (NYSE: PH)

Parker-Hannifin Corp. engages in the manufacture of motion and control technologies and systems. The firm also provides engineered solutions for mobile, industrial, and aerospace markets. It operates through the following segments: Diversified Industrial and Aerospace Systems. 

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

1-year chart of Parker-Hannifin Corp (NYSE: PH)

PH has formed an up-channel chart pattern over the past two 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.

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Deciphera Pharmaceuticals Inc (NASDAQ: DCPH)

Deciphera Pharmaceuticals, Inc. operates as a biotechnology company which develops and manufactures kinase inhibitor treatments for cancer by cutting off the ability of tumor cells to thrive and spread. 

Take a look at the 1-year chart of Deciphera (NASDAQ: DCPH) below with the added notations:

Deciphera Pharmaceuticals (NASDAQ: DCPH)

Over the course of the past 6 months, DCPH has formed an important level to watch at the $50 (blue) mark. That level was resistance last November, then it was support back in February, and then back to resistance in April. DCPH is currently above $50, which could mean a support bounce is coming.

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Principal Financial Group Inc (NASDAQ: PFG)

Principal Financial Group, Inc. is a financial company, which offers financial products and services to businesses, individuals and institutional clients. It specializes in retirement solutions, insurance, and investment products through its diverse family of financial services companies and national network of financial professionals.

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

1-year chart of Principal Financial Group (NASDAQ: PFG)

PFG had formed a level of resistance at the $35 level (red) during the past two months. However, the stock broke through that resistance earlier this week. If PFG comes back down to that $35 level, which should now act as support, a bounce could be expected.

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