Tahoe Resources Inc (NYSE: TAHO)

Tahoe Resources Inc., together with its subsidiaries, explores for and produces precious metals in the Americas. The company primarily produces silver, as well as gold, lead, and zinc. Its principal project is the Escobal project located in Southeast Guatemala. The company was formerly known as CKM Resources Inc. and changed its name to Tahoe Resources Inc. in January 2010. Tahoe Resources Inc. was incorporated in 2009 and is headquartered in Reno, Nevada.
Take a look at the 1-year chart of Tahoe (NYSE: TAHO) below with added notations:

After declining steadily over the course of the past year, TAHO started trading in a mostly sideways move. While in this sideways move, the stock formed two important price levels to be aware of. The first level to notice is the resistance at $10 (red). The other level TAHO created would be the $7.50 support (green).

The Tale of the Tape: TAHO is trading between two key price levels. The possible long positions on the stock would be either on a pullback to $7.50 or on a breakout above $10. The ideal short opportunity would be on a break below $7.50.