June 24, 2008

BUD - Darvas Box

BUD - Nyse.  Anheuser Busch Cos, Inc. has formed a Darvas Box entry at an all time high, following two large expansions in trading volume.  Strong rising OBV shows the buyers well in control of this stock.  A breakout of the top of the box would constitute a valid entry into BUD.  Stop loss a tick or two below 59.00 should be used to protect the position.

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