Snap-on Incorporated (NYSE: SNA)

Snap-on Incorporated provides tools, equipment, diagnostics, repair information, and systems solutions for professional users. Its products include hand tools, such as wrenches, screwdrivers, sockets, pliers, ratchets, saws and cutting tools, pruning tools, and torque measuring instruments. The company's diagnostics and repair information products include handheld and PC-based diagnostics products, service and repair information products, diagnostic software solutions, electronic parts catalogs, business management systems, business services, point-of-sale systems, integrated systems for vehicle service shops, original equipment manufacturer purchasing facilitation services, and warranty management systems and analytics to manage and track performance. Snap-on Incorporated's equipment products comprise solutions for the diagnosis and service of automotive and industrial equipment, such as wheel alignment equipment, wheel balancers, tire changers, vehicle lifts, test lane systems, collision repair equipment, air conditioning service equipment, brake service equipment, fluid exchange equipment, transmission troubleshooting equipment, safety testing equipment, battery chargers, and hoists..

To review Snap-on's stock, please take a look at the 1-year chart of SNA (Snap-on Incorporated) below with my added notations:

SNA broke out of its trading range back in July and has been moving higher since. Along the way, SNA has formed a nice trendline of support (blue) and a resistance of $80 (red). One of these two levels will eventually have to break and the stock as already tried to breakout above $80 earlier in January (maroon).

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