A Pattern Shift in BDX
Since I saw a pattern shift in Beckton, Dickinson (BDX), I have been stalking this stock for a possible buy entry.
The beginning of this shift came when the July 11 high was taken out. That was when we saw a higher high and then a higher low on June 28. This particular trade setup started to develop once the July 3 high was made. As we started to come off this high, I was able to run multiple Fibonacci price relationships to help identify a couple of standout support clusters. Two zones stood out this last week or so and so far we ended up testing the first one and holding. This zone came in at $73.78-74.03 (actually, that is what was left of the zone, there were a couple of levels that came in above $74.03, but they were taken out so I erased them.)...233 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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