$BDX is moving towards a 3rd watch after a double top 50% fib pullback. Positives: riding 20 ma, with 50+200 supporting upward momentum, RSI refusing to break 50 maintaining bullish position, MACD crossover. Negatives: upper BB not supporting upward price action, want to see bullish volume pattern.
Check out this hourly chart showing a nice "W" pattern formed. The "W" began around 2/20/2013 ( about a week ago)...the "W" is formed.....the 4th leg up seems to have peaked and there is some consolidation with slight dips taking place in current trading range of 88. teens to 88.50's +....looks like BDX will break out from here once it clears through the 89 area......
