BMC Software Inc

By root | January 24, 2007 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




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