-Financial Tools Futures Market--TRADE IDEAS-- OPTION ALERTS -BENZINGA PRO-

« Home | Stocks to watch next week - KNSY, BAX, APSG » | No light at the end of the tunnel » | Stock Picks and Trade Ideas for Friday - CIEN, A, ... » | The engine of the European economy is breaking down » | Stock Picks and Trade Ideas for Thursday - AAPL, R... » | The strange case of the disappearance of the pick-up » | Stock Picks and Trade Ideas for Wednesday - Amazon... » | Another Financial crisis in the banking sector is ... » | Server problems » | Stock Picks and Trade Ideas for Tuesday - Resmed a... » 

Monday, March 02, 2009 

Stock Picks and Trade Ideas for Tuesday - BDX, HOLX, BCR

Chart courtesy of www.stockcharts.com ( click to enlarge )

BCR shares took a hit in February and managed to find support around 75-79 with upside volume starting to pick up. The technical indicators of the daily chart are still negative suggesting further possible pressure but a strong closing again above the 79 could change this scenery. Short term traders can go long if stock breaks this level and thereafter stock can target the level of $81.26. The bias remains bearish in nearest term.

Chart courtesy of www.stockcharts.com ( click to enlarge )

HOLX - The stock bottomed at 9.92 and closed at 10.09. The support on the daily technical chart has been breakdown to the downside suggesting a potential bearish scenario for stock. All indicators still point to a bear market. The trend is currently down.

Chart courtesy of www.stockcharts.com ( click to enlarge )

BDX - Despite the weak signal from MACD in the technical chart as MACD and signal line are below 0, the technical chart shows this might be a great time to buy the stock as K line has just crossed on top over D line showing buy signal while ROC is still at oversold level. Nevertheless the stock is currently in a downtrend. Immediate resistance is seen at 64.70 ( today’s high ). Initial support at 61.82.

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.

That's all Folks. See you tomorrow.


Labels: , ,

Bookmark and Share


About Me

  • I'm a 48 year old Independent Trader using proprietary technical analysis with more than 20 years experience of investing in the US stock markets. I started this blog in 2006 simply as a way to share my thoughts about capital, risk management, and trading. My blog contains only my personal opinion and is provided for informational purposes only.

  • Benzinga.com supporter

    Benzinga.com supporter


      Enter your email address:

      Delivered by FeedBurner

      Subscribe my feed :

    Support AC

    • Support AC Investor Blog, Donate with PayPal


      Interested in advertising on AC Investor Blog ? Click Here


    Site Information

    Stock Market Blogroll

    Friends BLOGROLL


Powered by Blogger
and Blogger Templates

Add to Google