Northrop Grumman Corp (NOC) has been trending lower for quite some time. The stock has recently pulled back to the down trendline resistance, and may present a good opportunity to take a short position.  64 is a potential support level, therefore price action at that level should verify whether the stock has any further downside potential.  Price reactions at 64 will be very relevant as to whether or not a trade is placed on the stock.

Apollo Group, Inc (APOL) is trading in a range-based pattern. The stock is showing support at 50 and resistance at 56. When a stock is trading in a sideways pattern like this, there are a few ways to make money. Short at resistance, buy at support, or place an Iron Condor options spread on the stock.

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.