Please take a look at the 1-year chart of ST (Sensata Technologies Holding N.V.) below with my added notations:
For the most part, ST has been trading sideways for the last (7) months. The two most common price levels on this stock during that period of time have been $37 and $39. Each of those prices has been support and/or resistances multiple times. In addition, $41 has been hit as resistance on (2) different occasions and would be a 52-week high if ST could break above it.
The Tale of the Tape: ST is currently trading between $39 and $41. A long trade could be made on a pullback to $39 or on a break above $41. A short trade could be made on a break below $39.
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