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BJ's
Wholesale Club Inc - BJ
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December 6, 2006
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Last Trade
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$31.91
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Volume
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780,000
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52-Week High
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$33.07
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52-Week Low
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$25.18
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Commentary:
For today's
chart we've chosen to take a look at BJ because it has been trading within
a horizontal channel since mid-March 2005. This chart can be interpreted in
several ways depending on what type of trading style you adhere to.
Range-bound traders will watch for the bears to prevent the price from
heading above the $33 mark, while a breakout trader will choose to wait for
a sharp move above the same resistance. Only time will tell which of these
stories will prevail, but meanwhile it will be interesting to see how this
decision point ($33) will affect BJ's share price.
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Happy Trading,
Casey Murphy,
Senior Analyst, ChartAdvisor
Previous Chart Alerts:
ECA
GYI
QQQQ
GM
WMB
AMZN
QQQQ
PCAR
QQQQ
WMT
CBSS
YHOO
QQQQ
GENZ
THC
NEM
HUI
QQQQ
DELL
QQQQ
PD
GOOG
QQQQ
oil
QQQQ
MOGN
CIEN
QQQQ
BA
QQQQ
AGE
RMD
DE
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