Nordson Corporation (NASDAQ: NDSN)

Nordson Corporation engineers, manufactures, and markets products and systems for dispensing and processing adhesives, coatings, polymers, sealants, biomaterials, fluid management, testing and inspection, surface treatment, and curing. The company operates in three different segments: The Adhesive Dispensing Systems, Advanced Technology Systems and Industrial Coating Systems segments . The company markets its products in the United States and internationally through direct sales force, distributors, and sales representatives. Nordson Corporation was founded in 1935 and is headquartered in Westlake, Ohio.
Please take a look at the 1-year chart of NDSN (Nordson Corp.) below with my added notations:

There are two prices in particular that standout on NDSN. The first is the 52-week high resistance at $75 (blue). The other is the $70 level (green) that was a key support in October, November and December. Now that the stock has gotten back above the $70 level, a run to $75 could be in the cards. A decline back below that level should mean new lows for NDSN.

The Tale of the Tape: NDSN has key levels of $70 and $75. A long trade could be made at $70, or on a break through $75, with a stop placed below the level of entry. However, if the stock were to break below $70 traders might want to look to get short on the stock.
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