Trend following at its finest: BDX
BDX is breaking out on a weekly basis after sitting in consolidation since January 2020 above the 200 week moving average.
All week there's been high relative strength in medical device companies like BD.com.
Looking at the long term chart, this a perfect example of a stock to trend follow off consolidation periods as it stays above key moving averages (50 month is used below)
All week there's been high relative strength in medical device companies like BD.com.
Looking at the long term chart, this a perfect example of a stock to trend follow off consolidation periods as it stays above key moving averages (50 month is used below)
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