Ballard Power Systems Inc  (BLDP) Trade Now »     Rate BLDP  -  Discuss BLDP  -  Add to Watch List        

We sold our position this afternoon as it looks to us like the run in BLDP is getting tired and is ready for a pullback:

We are seeing a bearish candlestick Hanging Man (Tail twice as long as the body - Reversal Technical Indicator - Look for CONFIRMATION on following day):

Volume has not been strong so we were anticipating a pullback as momentum began evaporate:

The DAILY chart has completlely rolled over:

This morning we are looking at BLDP.  It is above the 25, 50 & 200 day moving averages. 

The Stochastics in the above chart are showing an overbought condition, but our longer term Stochastic indicator is showing BLDP to be in an uptrend:

Our Phil’s X2 chart is also showing there to be institutional buying in the stock as it is blue:

Our Phil’s X1  chart also shows that there is support at $4.38, which is right below where BLDP is trading now.