Stock Chart BDK

Posted by downtowntrader | 4/30/2008 08:46:00 PM | 0 comments »

Stock Chart BDK

The Black & Decker Corporation (Public, NYSE:BDK)

The markets reacted negatively to the Fed decision today, and while I remain unconvinced that the rally that was unfolding is dead, I think it's wise to start looking for some shorts in weak stocks. The indexes are at stiff resistance and there is a chance things head lower here. BDK is a stock that failed to move up with the markets over the last month and is trading at three year lows. It has been consolidating for all of 2008 after topping out last year, and while there is a chance it is building a base here, nothing sticks out as bullish here. It is more then likely still under distribution and could head to new multi-year lows if the markets roll over.

Good Trading,


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