| Tickers in this article: DAL, CHTR, ASX, G These four stocks are trading near key support and resistance levels for 2015. How they react around these levels sets the stage for the next couple months of trading. No matter what the stock does, there is a trading opportunity when the price is around such key levels. Delta Air Lines, Inc. (DAL) has struggled to break above $48.30 since February. Between then and September the price has probed this area six times. The push higher to start October is also heading for this level. Adding a "buffer" to the resistance zone, it takes a strong rally through $48.35 to signal an upside breakout. That would indicate a possible long-term upward trending move to $55. That's attained by taking the the bulk of the prior price range ($48 to $41), and adding it to the breakout price. More aggressive estimates, based on the prior range height, put the target at $56 to $57. If support holds again, look for the price to retreat to $41 to $40.
Refine Your Financial Vocabulary Sign up to receive our FREE Term of the Day newsletter. Gain a better understanding all things financial with technical and easy-to-understand explanations. Click here to begin developing your financial language with this daily newsletter. Disclosure - At the time of writing, the author did not own shares of any company mentioned in this article.
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