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After Yesterday's Rally of 0.63%, Bucyrus International Shares Could Pullback (BUCY)

Written on Tue, 07/27/2010 - 1:56am
By Chip Brian

Bucyrus International (NASDAQ:BUCY) traded in a range yesterday that spanned from a low of $60.59 to a high of $62.15. Yesterday, the shares gained 0.63%, which took the trading range above the 3-day high of $61.83 on volume of 2.6 million shares.
Shares of Bucyrus International are currently trading above their 50-day moving average (MA) of $51.85 and above their 200-day MA of $56.28. Look for these MAs to provide support for a short-term pullback in the shares.
SmarTrend is bullish on shares of Bucyrus International and our subscribers were alerted to Buy on June 03, 2010 at $54.42. The stock has risen 14.1% since the alert was issued.
SmarTrend has the shares in an Uptrend and expects the share price to pullback toward the $61.83 support level. Afterwards, we expect it to move upward with its peers in the SmarTrend Farm & Construction Machinery industry.


Company Information For: BUCY

Contact Chip Brian
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