Technical Analysis of BWLD

On July 15th, 2016 BWLD fell to $135.33. Next several days it tried to go down further but not much. Then on July 21, 2016 it put on a tiny hammer candle which was the clue that buyers are there and this stock should be put on watch list to go long. Then on July 22, 2016 it surged upward and gained $6.12 and closed at $140.77. Since earnings are on Jul 26th, 2016 so we avoided going long on this stock as did not want to get caught in earnings in case it did not move. We regret not going long.

Chart of BWLD shown below:

BWLD Chart - July 22, 2106


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