BAL - Chart, page-748

We have certainly seen an accumulation period for BAL over the last 8 months. I believe the initial target from this has been hit last week with an intraday high of $11.59 from the cause that was built over that time. I closed my position at the $11.40 level and now watching closely. For this to go higher, we may need to see some re-accumulation in the stock, which will mean price will trend sideways. I'm keeping in the back of my mind that we do have the max potential level of $12.60 as well though. Price may test that level and then proceed to move sideways to build for the next move.

I would love to see some further cause built here and a possible spring again before price moving higher. Time will tell.