On Balance V Louie Weekly is giving buy signal BX 29.74
Last week BX made a new high, followed by this week. In between it is considered consolidation. This stock has another leg up as observed by Dec and Jan 30 and 31 Call. There will be dividend so the premium is telling the true picture as seen by traders. It is only if it spikes more that 2.50% with no volume it will alert to take short term profits.
Buy signal weekly is created by the end of this week.
Option activity, writers may become buyer and cover their calls, once BX comes closer to their limit.
If someone wrote 30 call for 55 cents, stock buying starts after 30.375.
Daily numbers after today' s volume On Balnce Volume will improve significantl.
BX active trading will start on most likely Thursday, Dec 18, 2013.
Those who anticipated this move are being rewarded, but BX has to pass trough a big test as it moves into the longterm supply zone. Even GS owned more than 30,000,000 shares around the time of new BX IPO. They never could un load, and this goes back to, People forget.....