Rockwell Collins, Inc. (NYSE: COL)

Rockwell Collins, Inc. designs, produces, and supports communications and aviation electronics for commercial and military customers worldwide. It operates in two segments, Government Systems and Commercial Systems. The company also provides maintenance, repair, parts, and after-sales support services, as well as aftermarket used equipment. Rockwell Collins, Inc. was founded in 1933 and is headquartered in Cedar Rapids, Iowa.
To review Rockwell’s stock, please take a look at the 1-year chart of COL (Rockwell Collins, Inc.) below with my added notations:

COL had been trading sideways from mid-April until the end of last week. Over that period of time the stock had formed a clear resistance level at $80 (blue) and a strong level of support at $76 (green). At some point the stock had to break one of those two levels created by the rectangle pattern, and yesterday the stock broke resistance. The stock should continue moving higher from here.

The Tale of the Tape: COL had a level of resistance at $80 and the stock broke that resistance. The ideal long opportunity would be on a pullback down to or near that previous $80 level. On the other hand, one would want to enter a short position on a break back below that level.
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