Stock Chart Analysis BDX

Posted by downtowntrader | 5/10/2007 12:07:00 AM | 0 comments »

Stock Chart Analysis BDX

Becton, Dickinson and Co. (Public, NYSE:BDX)

BDX looks like it broke out of a tight consolidation and is now pulling back to test the breakout area as support. It formed a doji candle which show equilibrium between buyers and sellers at a possible support level. It then confirmed the doji by trading higher then the doji. It's possible that BDX is on it's way to test the recent highs and over take them.

Good Trading,