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Wednesday, August 27, 2014 3:36:44 PM
If you look at today, the volume is now much higher than the past week, and it's trading hard to the downside, well below the 50 DMA now and about to touch the 200 DMA. Not a good sign IMO. It's been under the 50 DMA for going on 4 days now, and now when it drops big, the volume finally increases. Someone's unloading again IMO.
The "golden cross" talk makes zero sense IMO. A Golden Cross as far as I remember would involve the 50 DMA making a sharp up-turn and cross above the 200 DMA and on higher vol. That is not anything like the trading pattern of BHRT for the past month or more, and not what it looks like now? So not sure where that's coming from?
On a 6 month chart- the stock has gone nowhere and is off big time from the March-April PR run-up and has now been flat to treading water for at least 3 months, bouncing between the 50 DMA and some sharp drops to as low as the 200 DMA, some even breaking the 200 DMA. It just hit the 200 DMA of .024 just now, on much higher volume than the avg volume of this past several weeks- where it's been barely breaking 200K shares a day on avg many days.
Pretty much been dead money and in decline since March/April and we're heading into Sept. now.
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