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balfour beatty (BBY)     

deputy - 05 Oct 2010 10:50

any one got any input regarding bby are they a hold or sell

ptholden - 05 Oct 2010 20:19 - 2 of 5

Wait until it breaks out of the downtrend to determine if it's a buy. Its trying to go up.

BAYLIS - 05 Oct 2010 20:25 - 3 of 5

Chart.aspx?Provider=EODIntra&Code=BBY&Si

ptholden - 05 Oct 2010 22:02 - 4 of 5

Photobucket

As can be seen from the chart BBY is approaching long term downtrend res and horizontal res which are both pretty much coincidental -may be a tough barrier to break, but today's candle is very bullish and following the DOW's performance this evening, I imagine the FTSE will have a strong start. So 271 to break through and then next stop at 307. Any retracement should find support at 240. MACD & RSI look ok and can 'support' further gains, might take a long position tomorrow.

deputy - 06 Oct 2010 10:54 - 5 of 5

bby ex divi today could be reason they are down a little
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