Thursday, May 26, 2011

BPAX

Yesterday I warned about taking profits in BPAX as it looked ready for a pullback. I still think there's a good chance of further gains after a consolidation, but lets cross that bridge when we get there. For now, I'd hate to see anyone lose the gains in this one.

At the yellow 10-day moving average, BPAX will probably be worth a look to re-establish a position as it had a nice base to work from, but why take that loss in the meantime?

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