Stock in Focus: Boulevard Holdings (BHI)

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January has just past and yet Boulevard Holdings Inc. (stock symbol: BHI) continues to languish with terribly boring price action. Buyers and sellers are busy tugging each other between the 0.14 and 0.15 area. Based on the price action in the last two days, we could be seeing a development wherein sellers are slowly pushing their way through the 0.14 border.

BHI Daily chart, January 30, 2014

BHI Daily chart, January 30, 2014

The MACD Oscillator (MACD-O) is slowly inching its way below the zero level.

If sellers win in the next two weeks, we would see a move toward 0.10-0.12.

TP’s Advice: Avoid this stock. Near-term price range is 0.12-0.17.

Do you have BHI in your portfolio? Share your thoughts below!

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