Look for Shares of Bucyrus International to Pullback after Yesterday's 0.99% Rise (BUCY)
Posted 08/10/2010 02:22 AM ET
http://www.investors.com/NewsAndAnalysis/Newsfeed/Article/117373336/201008100222/Look-for-Shares-of-Bucyrus-International-to-Pullback-after-Yesterdays-099-Rise-BUCY-.aspx
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BUCY * Bucyrus International * Top-Rated Company Aug 10, 2010 (SmarTrend(R) News Watch via COMTEX) -- Bucyrus International (BUCY) traded in a range yesterday that spanned from a low of $63.32 to a high of $64.25. Yesterday, the shares gained 0.99%, which took the trading range above the 3-day high of $64.08 on volume of 1.2 million shares.
Shares of Bucyrus International are currently trading above their 50-day moving average (MA) of $54.00 and above their 200-day MA of $57.47. Look for these MAs to provide support for a short-term pullback in the shares.
(OH yes...now I remember where I got that habit of the main MA's - IBD and my many years following O'Neil!)
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