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Friday, November 15, 2013

BWLD

Lat month when BWLD reported and gapped up, I had the feeling it was an O'Neil exhaustion gap, as it occurred after a pretty hefty move up. So far, that does not appear to be the case, although there are some problems here: this is having a hell of a time making headway, and the price relative line is weakening. However, it hasn't even come close to testing the gap that it left, and doesn't look like it will at any ime in the near future. I will say the jury is still out on whether to pass on this one was a good move or not.   

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