Technical indicators signal a Rectangle forming. Verify the setup on the chart.
Sideways movement between parallel supports.
Bearish continuation if preceding move was down.
Bearish continuation pattern.
Consolidation. Can break either way.
Market participants tracking Becton Dickinson should note the latest formation. The stock is trading at $143.98, up 1.67% on the day. Algorithmically, a Bearish Flag structure has completed. This setup is supported by average volume turnover. A potential breakout level is identified at $140.63, targeting $122.19 with support near $151.62 (R:R 1.68).
What is your outlook on BDX?