NEW YORK ( Stockpickr) -- Get ready to trade with today's set of  stocks near trend line support .

Trend lines, which connect two or more stock price points, are a key aspect of technical analysis, defining price movement and indicating entry and exit points. Trend line support is an area that a stock's share price has difficulty moving below, the opposite of resistance, which indicates an area that the price has difficulty moving above. Identifying support levels can give traders insight into when to pull the trigger on a trade and how to minimize downside risk.

Trend line support is forecast by a positive-sloping trend line based on the formation of increasing support levels as time has progressed. Horizontal support, a type of trend line support, occurs at a point at which many buyers have historically entered a stock, thereby consistently buoying the price at that level.

Generally speaking, buying opportunities exist when a stock bounces off a long-term trend line, and shorting opportunities exist when a stock breaks downward through a long-term uptrend line.

To learn more about trend line trading and the different kinds of support levels to watch for, read our technical primer on trend line support.

The following stocks were trading near their trend line support today, according to the Finviz Trend Line Support Screener.

Pharmaceutical services company AmerisourceBergen ( ABC) provides drug distribution and related health care services and solutions to pharmacy, physician, and manufacturer customers in the U.S. and Canada. The company is within the services sector and the wholesale industry.                
                               

The chart for AmerisourceBergen is showing possible trend line support at around $31.85. Currently the stock is trading 3.04% above its 20-day simple moving average, 4.73% above its 50-day simple moving average and 21.48% above its 200-day simple moving average. Furthermore, the stock is trading 2.55% below its 52-week high and 88.69% above its 52-week low. AmerisourceBergen has a market cap of $9.20 billion, and the short float is currently at 3.78%. The RSI is currently at 57.87.
Who Owns AmerisourceBergen?

DirecTV ( DTV) is a digital television entertainment provider in the U.S. & Latin America. The company is within the technology sector and the telecommunications industry.                
                               
 

The chart for DirecTV is showing possible trend line support at around $37.30. Currently the stock is trading 1.62% below its 20-day simple moving average, 0.83% above its 50-day simple moving average and 15.45% above its 200-day simple moving average. Furthermore, the stock is trading 6.22% below its 52-week high and 63.92% above its 52-week low. DirecTV has a market cap of $34.19 billion, and the short float is currently at 1.89%. The RSI is currently at 47.03.
Who Owns DirecTV?

Group 1 Automotive ( GPI), one of the largest automotive retailers in the U.S., operates within the services sector and the auto dealership industry.                
                               
   

The chart for Group 1 Automotive is showing possible trend line support at around $25.30. Currently the stock is trading 8.42% below its 20-day simple moving average, 16.04% below its 50-day simple moving average and 14.40% below its 200-day simple moving average. Furthermore, the stock is trading 33.81% below its 52-week high and 31.75% above its 52-week low. Group 1 Automotive has a market cap of $649.82 million, and the short float is currently at 23.48%. The RSI is currently at 38.30.

Limited Brands ( LTD) is a specialty retailer of women's apparel, beauty products and accessories, operating brands such as Bath & Body Works and Victoria's Secret.. The company is within the services sector and the apparel stores industry.                
                               
   

The chart for Limited Brands is showing possible trend line support at around $24.15. Currently the stock is trading 3.15% below its 20-day simple moving average, 6.87% below its 50-day simple moving average, and 14.91% above its 200-day simple moving average. Furthermore, the stock is trading 15.62% below its 52-week high and 142.39% above its 52-week low. Limited Brands has a market cap of $8.02 billion and the short float is currently at 3.45%. The RSI is currently at 41.11.
Who Owns Limited Brands?

Global Internet brand Yahoo! ( YHOO) is within the technology sector and the internet industry.                
                               

The chart for Yahoo! is showing possible trend line support at around $14.75. Currently the stock is trading 0.49% below its 20-day simple moving average, 6.64% below its 50-day simple moving average and 6.06% below its 200-day simple moving average. Furthermore, the stock is trading 20.45% below its 52-week high and 8.88% above its 52-week low. Yahoo! has a market cap of $21.52 billion, and the short float is currently at 3.05%. The RSI is currently at 43.17.
Who Owns Yahoo!?

For more stocks nearing trend line support, view Ttday's Stocks Near Trend Line Support portfolio.

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