It was a long weekend for me. Drove up to Chattanooga, Tennessee with three of my teammates to compete in some bicycle races. Here are two charts that look good to me.
This is a chart of BUCY. I like it because it looks as though it is topping out and it is also very close to the top of its trend channel. Intermediate target price is $85.31 and longer term target would be approximately $67.
This is a chart of PCP. It’s broken several trend lines and I expect it to go lower. I know nothing about this company at all, but just going by the name, it seems to be involved in manufacturing precision castparts. With a global economic slowdown currently underway, I suspect demand for such things will fall. First target price is around $92.50 with a long term target of $75.
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