Biomet Inc

For today's chart we've chosen to take a look at BMET because it is in the process of testing a very interesting level of resistance. As you can see from the chart below, the $39.15 level has prevented the bulls from pushing the price higher on several occasions over the past year and it will be interesting to see if this will be the story again. Technical traders will use a break above $39.15 to signal increased buying pressure and as a result will watch for a move higher.