BKS doesn't look to me like its going to double in two weeks. the trend was in mildly bullish uptrend and there is support at 33 and resistance is 35 1/4. BKS dropped below both its 50 day and 10 moving average. In the last 30 days one of its "strong buys" was removed leaving it with 2 from 3. Both the MACD and Momentum indicators gave a bearish sell signal today. It has a growth rate of 17% a year going forward which is okay. The internet and techs recovered today but not BKS.
There was a lot of insider selling in BKS in March which could or may not mean much:
KLIPPER, MITCHELL S. Executive Vice President N/A Direct Sale
03/22/1999 100,000 $32.42 - $33.75 $3,308,500.00
DEASON, DAVID Officer N/A Direct Planned Sale 03/18/1999 24,976
TOLWORTHY, THOMAS A. Officer N/A Direct Planned Sale 03/18/1999 19,300 N/A N/A
DEASON, DAVID S. Officer N/A Direct Sale 03/18/1999 24,976 $34.00 $849,184.00
TOLWORTHY, THOMAS A. Officer N/A Direct Sale 03/08/1999 - 03/18/1999 59,200 $27.00 - $30.12 $1,690,752.00
Posting nearly the same post on 11 threads doesn't help the chart. Of course something interesting COULD happen in a week, but then you will see a clearer signal. |
