Ready to make new high. CEO said they are sold out of boats. In an economic recovery BRUNSWICK is the last to comeback AND NOW IT IS COMING BACK STRONG with low interest rates for boat purchases and cheap gasoline (finally!!!!!!). Technicals are all GO, several attempts to try to blow thru $56 resistance. Earnings are diluted due to a reversal of some cryptic...
If the new candle would have been higher or if the body would exceeding the previous one I would say that the rate would correct down. But in our case I rather suppose that the price will rise.
BC will be a long buy in the very near term. Stochastics in severely oversold condition, although clout indicates still a short, looks like we will see reversal and will meet some resistance around 43.50. This stock should go to approx. 46.50 in approx. 45 days, providing there are no market wide events to alter the current trends.
