Alexander & Baldwin, Inc

For today's chart we've chosen to take a look at Alexander & Baldwin Inc (Nasdaq:ALEX) because it is in the process of testing an influential level of support. As you can see from the chart below, the bears pushed the price toward the January low, which is a level that many are expecting will prevent the bears from sending the price lower. It will be interesting to see if the price will bounce off the nearby trendline because this would signal a move toward $48.