Bradken's closed nicely above the August low of 8.710 by ending...

Bradken's closed nicely above the August low of 8.710 by ending the day at 8.80. After the previous strong uptrend we've witnessed a stable flat consolidation range between 7.85 and 8.35, which continued on for several weeks. These consolidation periods are critical for stability and give traders markers to work with. Closures above or below trading rangers are very powerful signals, particularly if the trend continues the following day. Friday's closure above that trading range confirms that a new uptrend wave has commenced. A fall below 8.71 would most likely encounter increased buying pressure for the stock to close above that point again. However, a fall back to the previous trading range into low 8s would point towards a trend reversal. With LEI going gangbusters many now see BKN as great value as its sell off in the past was not fully justified as it was magnified by the market's overall poor sentiment. Just a separate note, has anyone noticed that many stocks seem to move quickly from 8 dollars and into the 10s or is it just a recent trend?