C R Bard Inc (NYSE:BCR) Heffx Trading Outlook
Overall, the bias in prices is: Upwards.
Short term: Prices are moving.
* BD to acquire Bard for $24 billion
* Deal immediately accretive and expected to generate high single-digit accretion to adjusted EPS in fiscal year 2019 to Becton Dickinson
* BD will acquire Bard for $317.00 per bard common share in cash and stock
* Agreement has been unanimously approved by boards of directors of both companies
* Approximately $300 million of estimated annual, pre-tax, run-rate cost synergies are expected by fiscal year 2020 for Becton Dickinson
* BD also expects to benefit from revenue synergies beginning in fiscal year 2019
* Transaction is expected to improve BD’s gross margins by approximately 300 basis points in fiscal year 2018
A black body occurred (because prices closed lower than they opened).
During the past 10 bars, there have been 7 white candles and 3 black candles for a net of 4 white candles. During the past 50 bars, there have been 32 white candles and 18 black candles for a net of 14 white candles.
Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.
One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 81.0580. This is an overbought reading. However, a signal is not generated until the Oscillator crosses below 80 The last signal was a sell 25 period(s) ago.
Relative Strength Index (RSI)
The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 60.59. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a sell 25 period(s) ago.
Commodity Channel Index (CCI)
The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is 152.This is an overbought reading. However, a signal isn’t generated until the indicator crosses below 100. The last signal was a sell 3 period(s) ago.
The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a buy 2 period(s) ago.
Rex Takasugi – TD Profile
C R BARD closed down -1.700 at 253.070. Volume was 24% below average (neutral) and Bollinger Bands were 45% narrower than normal.
Open High Low Close Volume___
254.470 255.240 252.620 253.070 119,446
Short Term: Overbought
Intermediate Term: Bullish
Long Term: Bullish
Moving Averages: 10-period 50-period 200-period
Close: 250.99 247.68 229.19
Volatility: 14 10 22
Volume: 119,542 142,373 147,325
Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.
C R BARD is currently 10.4% above its 200-period moving average and is in an upward trend. Volatility is extremely high when compared to the average volatility over the last 10 periods. There is a good possibility that volatility will decrease and prices will stabilize in the near term. Our volume indicators reflect volume flowing into and out of BCR.N at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bullish on BCR.N and have had this outlook for the last 1 periods.