Tuesday, June 3, 2008

BLSW - Investor Presentation on Thursday....

Daily charts show building momentum (Wm%R), RSI that is non directional and an MACD curve that will hopefully cross and go BULLISH. The one thing I really like to point out is that the stock moved above the 8 day moving average and is trending nicely above it. The 200 Day Moving Average at $3.29 has proven problematic on a closing basis (ie. the stock won't close above it, which is a negative. Any close above that price point would be a HUGE bullish sign from a technical analysis perspective.)
When looking at longer-term trends we can see where the stock has move above the 8 week moving average trend as well.

If Thursday's presentation goes well I think the stock could re-test prices seen in early May.
Dan Ross

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