Stock Picks And Trade Ideas For Tuesday - BDX, HOLX, BCR

Chart courtesy of stockcharts ( click to enlarge )

CR Bard (BCR) shares took a hit in February and managed to find support around 75-79 with upside volume starting to pick up. The technical indicators of the daily chart are still negative suggesting further possible pressure but a strong closing again above the 79 could change this scenery. Short term traders can go long if stock breaks this level and thereafter stock can target the level of $81.26. The bias remains bearish in nearest term.

Chart courtesy of stockcharts ( click to enlarge )

Hologic (HOLX) - The stock bottomed at 9.92 and closed at 10.09. The support on the daily technical chart has been breakdown to the downside suggesting a potential bearish scenario for stock. All indicators still point to a bear market. The trend is currently down.

Chart courtesy of stockcharts ( click to enlarge )

Becton, Dickinson And Company (BDX) - Despite the weak signal from MACD in the technical chart as MACD and signal line are below 0, the technical chart shows this might be a great time to buy the stock as K line has just crossed on top over D line showing buy signal while ROC is still at oversold level. Nevertheless the stock is currently in a downtrend. Immediate resistance is seen at 64.70 ( today’s high ). Initial support at 61.82.

Disclaimer: Trading stocks involves risk, this information should not be viewed as trading recommendations. The charts provided here are not meant for investment purposes and only serve as technical examples.

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