Terex (TEX) is an industrial and farm equipment manufacturer. It’s stock price dropped sharply in the first quarter of the year, but for the last three months it has been recovering. The process of decline and recovery looks like a large cup and handle pattern. Rim line resistance is situated at the 50% retracement level of this year’s range and the flat 50 day moving average.
Since making a May low, Hologic (HOLX) has carved out a series of higher highs and higher lows. With well defined levels of support and resistance, it looks like a good risk/reward trade.