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Randmaster, it looks like BKI's lower limits (for the time being) may have been checked and if they were, it held nicely. Hopefully, BKI established that new support level. Regardless, we may be heading for the establishment of BKI's upper range limits right now, i.e., establishing a new resistance level. I'm no great fan of technical analysis, and make no claim to be or to seriously interpret charts, but looking at BKI's chart since the company came public, I believe we do tend to trade in a range-to-range pattern sequence. Later, after this range is established, we could see a buying spree in small cap index funds (yea, I agree..BKI should be considered a midcap). When the index folks start filling their orders...assuming they do... BKI may finally break out and reach the low twenties, again. Well that's my analysis, what do you think? Oh, btw, I assume BKI is still included as one of S&P's "smallcap" stocks. |
