BJ WHOLESALE CLUB
(BJ-NYSE):
Technical Viewpoint: From a low
of $36.77 on Jun 30, 2010 prices
rallied, reaching a
high of $44.27
on Jul 2, 2010. A
decline saw prices pull back, reaching a
low of
$42.22 on Jul 7, 2010.
Another rally saw prices penetrate
resistance, closing 7/9/10
at $44.41. Technicals: MACD Index (MACD): A Buy Alert!
was given on Jul 2, 2010 when the solid line crossed the dotted line to the upside.
Support: Remains at $42.22. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Jul 1, 2010. A P&F upside
reversal takes place at $42.50. Summary: Technical indicators have turned bullish. BUY! BJ WHOLESALE CLUB
(BJ-NYSE) @ $44.63 Stop: Use a protective stop of $42.63.
BJ WHOLESALE CLUB is currently trading @ $44.41 plus $0.75 on Jul 9, 2010. Price Objective:
$52.00. Risk/Reward: $2.00 VS. $7.37. Today's Risk Reward Ratio: $4:1
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