Agilent Technologies Inc. (NYSE: A)

Agilent Technologies, Inc. provides bio-analytical and electronic measurement solutions and services to the life sciences, chemical analysis, diagnostics and genomics, communications, and electronics industries worldwide. Agilent Technologies, Inc. sells its products through direct sales; and distributors, resellers, manufacturer’s representatives, telesales, and electronic commerce.
To review Agilent’s stock, please take a look at the 1-year chart of A (Agilent Technologies, Inc.) below with my added notations:

A has formed a key price level at $55.00 (black) over the last (5) months. In addition, the stock created a down trending resistance starting from the middle of January (red). These two lines combined have A stuck trading within a common chart pattern known as a descending triangle. At some point, the stock had to break support or break its string of lower highs, and last week the stock broke support.

The Tale of the Tape: A formed a descending triangle pattern. A short trade could be made on a rally up to $55.00 with a stop placed above that level. A break back through $55.00 would set up a potential long trade, and another long could be made on a break through the downtrending resistance.
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