Frontier Communications Corp (NASDAQ: FTR)

Frontier Communications Corporation, a communications company, provides regulated and unregulated voice, data, and video services to residential, business, and wholesale customers in the United States. The company offers residential services, such as fiber-to-the-home and fiber-to-the-node broadband, video, and voice over Internet protocol products, as well as traditional copper-based broadband products; and commercial services, including Ethernet, dedicated Internet, multiprotocol label switching, time division multiplexing, data transport services, and optical transport services.
Take a look at the 1-year chart of Frontier (NASDAQ: FTR) below with my added notations:

FTR went through a major decline from February into July. However, over the past 3 months the stock has created a key price level to watch at $5.50 (red). As you can see, FTR has tested that level multiple times since mid-August. A break above that $5.50 level should mean higher prices for the stock.

The Tale of the Tape: FTR has a key level of resistance at $5.50. A long trade could be entered on a break through that level. However, if you are bearish on the stock, a short trade could be made on any rallies up to $5.50.