With this sort of recommendation appearing on my trading site today BUL need to have a special "Explanatory Memorandum" on this as well.
"BUL shares appear to be in a long-term bearish trend confirmed by multiple indicators. Long-term, the 200-day moving average is falling and shows that demand for this stock is low. In the Medium-Term, the 5-day moving average is beneath the 50-day moving average. Finally, the stock has been trending lower in the near-term. Taken together, this is evidence that investors see little opportunity in owning this stock at this time."
BUL Price at posting:
6.0¢ Sentiment: None Disclosure: Held
