Brunswick Corporation designs, manufactures, and markets recreation
products in the United States and internationally. The company’s Marine
Engine segment offers outboard engines, sterndrive propulsion systems,
and inboard engines under the Mercury, Mercury MerCruiser, Mariner,
Mercury Racing, Mercury Sport Jet and Mercury Jet Drive, MotorGuide,
Axius, and Zeus brands; and marine electronics and control integration
systems, steering systems, instruments, controls, propellers, trolling
motors, fuel systems, service parts, and marine lubricants under the
Quicksilver, Mercury Precision Parts, Mercury Propellers, Attwood, Land N
Sea, Kellogg Marine Supply, Diversified Marine Products, Bell
Recreational Products, Sea Choice, and MotorGuide brands, as well as
supplies integrated diesel propulsion systems.
Take a look at the 1-year chart of Brunswick (NYSE: BC) with the added notations:
BC has been trading sideways for all of 2015. Along the way, the
stock has found support at $50 (green) several times. Now that the stock
appears to be falling back down to that support level again, traders
could expect some sort of bounce. However, if the $50 support were to
break, lower prices should follow.
The Tale of the Tape: BC has an important level of
support at $50. A trader could enter a long position at $50 with a stop
placed under the level. If the stock were to break below the support a
short position could be entered instead.
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