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For today's chart we've chosen to take a look at CR Bard Inc. (NYSE:BCR) because it has broken out of a confined trading range. As you can see from the chart below, this stock has been traveling within a horizontal channel for the past year, but today's fresh 52-week high is suggesting that this story might be changing. The $85.50 level has acted as resistance on several occasions, but trader's will now watch for this level to reverse its role and become an area of short-term support. Today's close above $86.17 marks a new all time high and it will be used by technical traders as confirmation of continued upward momentum. We'll keep a bullish outlook on this stock until the bears send the price below the nearby trendline.


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