Monday confirmation of uptrend technically confirmed, Tuesday a technical run over $6 was confirmed and today (Wednesday) with a break over $6.00 a technical confirmation of a run coming over the 52 week high confirmed.... currently $8.20. When BOSC will break $8.20 could be days or in one day. Breaking $6.30 will increase volume further and a break over $6.50 confirms a run over $7 on the day will occur. "If" those technical bench marks fall BOSC's run over $8.20 will be faster.
Bullish technical indication: higher low and higher high, strong bullish 5 day chart pattern with extreme accumulation.
Trade quality high factoring in volume relative to float size. No down size at entry prices here. The fact is BOSC moves higher with less effort until at least $7.64 however once there the relative nearness to the 52 week high brings in 52 week high seekers and hello high $8's.
Americanbulls: Today a white candlestick was formed this represents normal buying pressure.
BOSC has reduced its debt from a 2008 acquisition and the bottom line is improving. Shorts will stay clear till over $8.20 and likely no real short threat with a strong earnings report likely pending. Target on earnings report $14 a share. One look at the 2 year chart and investors/traders can see it.
BOSC may get upgraded to NASDAQ national market from NASDAQ capital market again after regaining compliance recently.
More technical scans:
A MarketClub Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
Based on a pre-defined weighted formula for chart analysis, BOSC scored a +100 on a scale from -100 (strong downtrend) to +100 (strong uptrend)
Increased volume over $6.30 with no resistance till $7.64.... The trend is your friend and this move is young.
Relatively similar report yesterday is a good sign the BOSC move is young and the only thing happening is increasing volume and accumulation.
Sentiment: Strong Buy