Saturday, July 26, 2008

BUD - Darvas Box

BUD - Nyse.  Anheuser Busch Cos, Inc. has formed a Darvas Box entry at an all time high, following two large expansions in trading volume.  Strong rising OBV shows the buyers well in control of this stock.  A breakout of the top of the box would constitute a valid entry into BUD.  Stop loss a tick or two below 59.00 should be used to protect the position.



0 comments:

Based on original Visionary template by Justin Tadlock
Visionary Reloaded theme by Blogger Templates

Visionary WordPress Theme by Justin Tadlock Powered by Blogger, state-of-the-art semantic personal publishing platform