|
Home
Up
Co-brand
Partnerships
| |
| 4/19/99 Borders Group (BGP)
Points to watch: Borders has been forming a bottom
for the past 2 months after being in a downtrend from July 1998 to February 1999.
Daily MACD and RSI both showed divergence with price during the stock's final swing
down. Last Tuesday Borders moved above both its 21 day and 55 day moving averages.
On Friday the stock closed at important trendline resistance at 17.25. This
down trend line acted as resistance on 2 previous attempts in early Noovember and again in
late December. The stock will be a buy if it breaks above 17.25 and the MACD signal
line moves above 0.
|
|
