Hill-Rom Holdings, Inc. (HRC) recently moved into a consolidation pattern near its all-time high at $32.85 after spending most of the last 10 months trending higher. Moving forward, we have two key support levels on tap, the first at $29, a previous breakout area from mid April. The second area of support comes from the trend line that has been in play since shares bottomed in July of 2009. The stochastic indicator below that chart is signaling that shares are trading in oversold territory, take a look below.
CPFL Energia S.A. (CPL) continues to be mostly range bound since topping off just above $66 in mid December. More recently, shares rebounded from a key support level at $58, a previous breakout area. The stochastic below the chart says shares are trading safely away from overbought territory, take a look below.
