iRobot Corporation (NASDAQ: IRBT)

iRobot Corporation designs, develops, and markets robots for consumer, defense and security, telemedicine, and video collaboration markets worldwide. The company operates in two segments, Home Robots and Defense and Security Robots. It offers consumer products, including floor vacuuming and washing robots, floor sweeping robots, and pool and gutter cleaning robots. The company also provides defense and security products, such as ground robots comprising 510 PackBot line of small unmanned ground robots; the small unmanned ground vehicle multi-purpose ground robots; the 110 FirstLook small, light, and throwable robot; and the 710 Warrior multi-purpose robot for carrying heavy payloads. It markets its robots to consumers through chain stores and other national retailers, as well as through its on-line store; and to the U.S. military, and other government agencies.
Take a look at the 1-year chart of iRobot (Nasdaq: IRBT) below with my added notations:

For the most part, IRBT has been trading sideways for the last 7-8 months. During that stretch the stock has had a tendency of creating key price levels at the increments of $2. For example, the current level of support is $34 (blue), and that level has been prior support and resistance in the past. Next, $32 (red) has popped up a couple of times. And of course, running across the bottom is the lower level of support at $30 (green).

The Tale of the Tape: IRBT is approaching its key level of $34. A long trade could be made at that level with a stop placed under it. A short trade could be made on a break below $34 with the expectation of a fall down to the next $2 level at $32.
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