but in terms of the trend, dont think it going back to the previous lows. NUE is toughstock to analyze in my opinion. It is in one of the leading industries in horrible market, BRCD is long time tech company that has recently gotten crushed, plain and simple. The stock was riding high last year when itreportedpoor numbers and then it was game over. Well, looks like Broadcom isnt dead yet. The stock has brokenout ofa month downtrend. The uptrend is strong based upon the ADX reading of steel, yet its broken its longer term uptrend.
BRCM has had an orderlyrecovery over the last month. have no price target on the stock and have not researched earnings releases, etc. think BRCM is good risk on pullback. Yahoo Profile of CVD Covance, Inc., drug development services company, provides earlystage and latestage product development services primarily to the pharmaceutical, biotechnology, and medical device industries worldwide. This stock has been big winner in the biotech area. Cramer gave it buy signal several months before the market correction. Technically the stock be at crossroads. It has challenged the day MA couple of times now.
Nothing is absolute, so think if NUE goes 510 lower, think would dip my toe in the water and see what shakes out. What are your thoughts on NUE? I could not helpbut read the comments on Bretts call for shorting Visa and the other conversations around shorting Apple. have to disagree with both calls. Visa is not short because everyone thinks its going to be the next Mastercard. Visa actually makes more money than Mastercard. Im wondering what the catalyst would be for Visa to drop? really dont see any.
steel, yet its broken its longer term uptrend. The company recently announced another common stock offering for 74share which have contributed to recent action and high volume trading. Trading purely ontechnicals, would say stay away.Then again thiscould be decent pullback in leading stock. NUE is toughstock to analyze in my opinion. It is in one of the leading industries in horrible market, Nothing is absolute, so think if NUE goes 510 lower, think would dip my toe in the water and see what shakes out. What are your thoughts on NUE?
