Thursday, April 16, 2009

BGZ Trade Entry

The dramatic advance this afternoon has triggered several intraday extreme readings. The S&P 500 short-term model just touched overbought at 3:30 ET. While boldness doesn't always feel the best, well calculated boldness in the stock market is typically what pays.

On that account and today's earlier info post here is a new trading recommendation.....

Buy BGZ today before the close with a market order or tomorrow morning with a limit order of 48.00. The current price is 46.65 which I will use for the blog entry price.


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