BMC Software Inc

AAA


For today's chart we've chosen to take a look at BMC because it is nearing the support of a five-month trendline. As you can see from the chart below, the sloping support has been able to prop up the price in the past and we will watch to see if this will be the case again. We've included the Parabolic SAR because it has historically created a buy signal each time the price has neared the trendline, which is causing many traders to wonder if this signal will be generated again. Most bulls will remain on the sidelines until the price is able to move above the resistance near $35.50.



BMC_012507.gif




You May Also Like

Related Analysis
  1. Chart Advisor

    Profit From Holiday Spending With This ETF

  2. Chart Advisor

    Cocoa Prices Setting Up For A Move Lower

  3. Chart Advisor

    How To Trade The Biggest U.S. Companies In 2015

  4. Chart Advisor

    'Tis The Season For Food And Beverage Stocks

  5. Chart Advisor

    Commodities Set Up For A Continued Move Lower

Trading Center