Despite the near term weakness BBOZ stock is showing, it appears...

  1. luckycato
    148 Posts.
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    23/04/20
    13:44
    Post #: 44212704
    Despite the near term weakness BBOZ stock is showing, it appears to be in a long term uptrend confirmed by multiple indicators. Specifically, a 5-day moving average of the stock price is above the 50-day moving average and the 200-day moving average is trending higher. The near-term weakness is characterized by the 5-day moving average's fall beneath the 20-day moving average. This may provide a suitable entry point for long-term investors looking for a stock that is trending higher. - from commsec
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