
Wednesday, May 20, 2009
Watching BDX for Short Ops
Here is the chart of BDX (Becton Dickinson and Co.), the stock has failed to overcome supply (resistance). The price action is demonstrating a series of lower highs in other words a downtrend. Heavy volume on distribution days and light on buy days all these are pointing to a high probability much lower prices ahead. My game plan is to enter short at the break of yesterday's closing price which is around the $64.50 level.

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