T. Rowe Price Group, Inc. (NASDAQ: TROW)

T. Rowe Price Group, Inc. is a publicly owned asset management holding company. The firm primarily provides its services to individual and institutional investors, retirement plans, and financial intermediaries. Through its subsidiaries, it manages separate client-focused equity, fixed income, and balanced portfolios. The firm also launches equity, fixed income, and balanced mutual funds for its clients. It invests in the public equity, fixed income, and venture capital markets across the globe. The firm was previously known as T. Rowe Price Associates, Inc. T. Rowe Price Group was founded in 1937 and is based in Baltimore, Maryland with additional offices in London, United Kingdom; Central Hong Kong, Hong Kong; Tokyo, Japan; and Singapore.
Please take a look at the 1-year chart of TROW (T. Rowe Price Group, Inc.) below with my added notations:
This stock is very simple. TROW has held a very important level of support at $70 (blue) since back in March. Regardless of what the market has or has not down over that period of time, the stock has never broken that level. Now, TROW is approaching $70 again and that might provide another bounce higher, but the stock's recent downward move could be setting the stock up for a breakdown.

The Tale of the Tape: TROW has a key level of support at $70. A trader could enter a long position at $70 with a stop placed under the level. If the stock were to break below the support, a short position would be recommended instead.
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