Ten Stocks I looked at for a Hedge Fund

Booze Allen Hamilton - BAH ran into resistance around $34.  There was resistance here because it was support in February.  It spent the last week consolidating, but now it has broken above it.  It should be support now. 

 

Littelfuse - LFUS is trading around $180.  This has been the bottom of the range over the past week.  If it breaks it may gap down to around the $171-172 levels.  These levels will probably be support because they were resistance in May, June, and early July before gapping up.  If you want to buy this stock, it probably makes sense to wait.

 

Matthews International - MATW is testing resistance around the $66 level.  This level was also resistance in early June.  If it breaks to the upside it will probably become a support level.

 

MB Financial - MBFI is trading around $41.50.  There is support around the $40 level.  It was support last month and back in April.  There is support here because it was resistance last year in August and early September.  If you are Bullish on the fundamentals of this company, this would probably be a good time to buy it.

 

Corporate Office Properties Trust - OFC has been trending lower since breaking support around the $34.25 level.  There was support here because it was resistance in February, March, and April.  Now it is trading around support.  The levels around $32.50 were support in April, May, and June.  If you are Bullish and the fundamentals of this company, this would probably be a good time to buy it.

 

Hexel - HXL gapped down last month after failing at resistance at the $55 level.  There was resistance there because it was resistance in December, March, and April.  After becoming oversold, it has been consolidating around $51.50.  There is support around the $50 level.  It was the lows in January and May.  If you are Bullish on the fundamentals of this stock, this would probably be a good time to buy it. 

 

Columbia Banking System - COLB has been trading in a well-defined range between resistance around the $41 level and support around the $37 level.  If the $37 level breaks, it could trade down to around the $33.25 level.  This level was well defined resistance in September and October.  The area in between them was gapped up through last November, so that means that there may not be meaningful support there.

 

PolyOne Corporation - POL has been trending lower since failing at resistance around the $39 level last month.  If it continues to trend lower, there will probably be support around the $35 level because it was resistance in February.  If it gets to $35 and you are Bullish on the fundamentals, then that would be a good level to buy it.

 

MSA Safety - MSA is testing the lower end of it's recent range.  If these levels break, it could trade down to the $70 level fairly quickly because it gapped up from there to current levels in April.  If you want to buy this, it may make sense to wait for a few days to see how it will handle these levels.

 

Steelcase - SCS is trading right at support around the $13.50 level.  This level has been support since the middle of June.  Last year, it found support right around the $13 - 13.50 level.  If you are Bullish on the fundamentals of this stock, this would probably be a good time to buy it.