Thursday, 19 February 2015

Stock Pick of the Day : BARD C R INC

BARD C R INC

Recommendation               Buy Above $176.50
Target                                 $180.50

STOCK SUMMARY:-
Bard C R Inc is overall in bullish trend and is sustaining at higher levels on chart. Traders can buy the stock above the level of $176.50 which is a near term resistance level for the stock and if it manages to breach this level further bullish movement is expected in this stock to test the levels of $180.50.

CHART FORMATION
Stock is in bullish trend for near term and price is sustaining above trend line with the expectation of level breakout on daily chart. Near term breach of major resistance level of $176.50 is expected which would trigger further bullish sentiment in the stock to test the levels of $180.50.

INDICATORS:-
RSI is trading with positive bias and is sustaining above the level of 50.
In MACD signal line is sustaining above MACD line which is indicating bullish sentiment in the stock.