Borders Group Inc. (fka BGPIQ)

[ILuvGreen3]

BGP - High Probability of Reversal

The %B is moving north towards the 0 level and could surpass it very easily, which would suggest a bullish trend.

If the %B does not surpass the 0 level today, then it will most probably advance tomorrow with the Williams %R.

The security is also trading at relatively low volume in contrast to yesterday, which suggests that volume could suddenly increase at any moment.

The price is also trading slightly under the bollinger band, so it will have power to shoot up.

Theoretically, we would purchase a few shares at $1.11-$1.12 and wait until near the end of the session for confirmation of a reversal either today or tomorrow prior to purchasing additional shares.

*This is neither a recommendation to purchase nor sell the security, rather merely our opinion regarding the situation. Please avoid trading the security based on our opinions.

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