BKL Chart

With earnings report out tomorrow heres a chart for you.

BKL has been a market leader since Sep 2014.

Currently its below the 50day MA which it broke down on heavy volume. This makes me cautious.

I wouldn't be surprised to see it come down to the 200day around 145. It has not touched this since its bull run started

You have to assume the trend will still go on until it PROVES you otherwise.

With earnings out tomorrow ( if it gaps up) look for how it acts over the following weeks (you want it to trade side ways & hold the gap up or continue upwards) . This will give you a great indication on how BKL will go in the future.

MrPrice