Advance Micro Devices (AMD) has been a volatile stock lately. The most recent pattern has been a sideways move with support at 30 and resistance around 34. AMD is now just above the 30 support level, and may present an opportunity for a quick upside move.

The support level at 30 has not been tested enough to be a certain buy, but it's definitely worth noting. The price action and volume levels at 30 should clarify the validity of the support level.

After making a 52-week high at 79.40 back in November 2005, United Parcel Service (UPS) dropped a bit, consolidated, then began its trek higher. There was some resistance at the previous 52-week high level, but UPS managed to push through and continued higher. That said, the stock has been negatively affected by the recent market sell off along with the majority of the stocks in the marketplace.  UPS has held very strong at the resistance turned support level of 79.40. The stock is sitting just above the support level at the moment, and today's price action should give us a good idea as to whether support will hold.

Andy Swan is co-founder and head trader for DaytradeTeam.com.  To get all of Andy's day trading, swing trading, and options trading alerts in real time, subscribe to a one-week, all-inclusive trial membership to DaytradeTeam by clicking here.