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1 point posted on 09/15/08

N/A

pro_trader:

-51.58%
risk: conservative

A bounce off support for BSRC for a fourth day...

After attempting to break support for four straight days, shares of BSRC managed to once again bounce off the $0.36 level and close unchanged for the day. Moreover, shares once again closed above the 13 and 50 day moving averages and generated a "buy signal" when the 13day average crossed above the 50 day average. The shorter stochastics line (%K) also crossed above the longer (%D) average and generated a "buy signal." Shares of BSRC should be accumulated here as he odds favor a retst of the 200 day moving average (currently at $0.55).

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BSRC

BioSolar Inc.

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BioSolar Inc. (BSRC)

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