Tuesday, April 1, 2008

BHI Daily


BULLISH ACTION:

Breaking through the downtrend line that began last October.
Breaking through shorter-term resistance.
Made a higher low, about to make a higher high (>$72).
Climactic selling in late January probably marked the bottom.
50-DMA no longer sloping down, may be supportive.

GAME PLAN:
Throw on a position if it can close above $72. Expect resistance at $75. Stop out below $63-64.

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