Fifth Third Bancorp (NASDAQ: FITB)

Fifth Third Bancorp engages in the provision of banking & financial services, retail & commercial banking, consumer lending services, and investment advisory services through its subsidiary Fifth Third Bank. It operates through the following segments: Commercial Banking, Branch Banking, Consumer Lending and Wealth & Asset Management.

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

1-year chart of Fifth Third Bancorp (NASDAQ: FITB)

FITB has formed an up-channel chart pattern over the past month or so. 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.

Continue Reading »

American International Group Inc (NYSE: AIG)

American International Group, Inc. engages in the provision of a range of property casualty insurance, life insurance, retirement products, and other financial services to commercial and individual customers. It operates through the following segments: General Insurance, Life and Retirement, Other Operations, and Legacy Portfolio. 

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

1-year chart of American International Group (NYSE: AIG)

Over the past several weeks, AIG has hit the $27.50 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 AIG. Eventually, the stock will have to break either the $27.50 resistance or the triangle support.

Continue Reading »

Six Flags Entertainment Corp (NYSE: SIX)

Six Flags Entertainment Corp. engages in operating of theme parks. It operates under the brand name Six Flags, which offers state-of-the-art and traditional thrill rides, water attractions, themed areas, concerts and shows, restaurants, game venues, and retail outlets.

Take a look at the 1-year chart of Six Flags (NYSE: SIX) below with my added notations:

1-year chart of Six Flags (NYSE: SIX)

SIX has hit the $17.50 mark (red) multiple times as resistance over the past several weeks. The stock has recently made it up to that level again, and now could be looking to finally break higher. A solid close above $17.50 should lead to higher prices for SIX.

Continue Reading »

Agilent Technologies Inc (NYSE: A)

Agilent Technologies, Inc. engages in the provision of application focused solutions for life sciences, diagnostics, and applied chemical markets. It operates through the following segments: Life Sciences and Applied Markets, Diagnostics and Genomics, and Agilent CrossLab.

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

1-year chart of Agilent (NYSE: A)

Since its January peak, A seems to have formed a clear, trend line of resistance (red). The line of resistance is currently approaching $78, and a break above that line will likely mean higher prices, overall, for the stock.

Continue Reading »

Marriott International Inc (NASDAQ: MAR)

Marriott International, Inc. engages in the operation and franchise of hotel, residential, and timeshare properties. It operates through the following business segments: North American Full-Service, North American Limited-Service, Asia Pacific, and Other International. 

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

1-year chart of Marriott (NASDAQ: MAR)

MAR has created a common chart pattern known as a triangle. Combining a down trending resistance with an up trending support forms the triangle pattern. As the support and resistance converge on each other, the pattern is created. Since there is no true way to know which way the stock will break, most traders will wait for the breakout or breakdown before entering a trade.

Continue Reading »