Wednesday, June 2, 2010

BKC - Strong BUY

BKC - mmmm... mmm... Burger tasting good. :-)

Burger king has clearly broken the trendline and looking at the various indicators it looks solidly poised to take out $22 pretty soon. As you can see, it has honored the lower TL and it is bound to go up from here. Some consolidation is obviously expected, but one may add more during such period.

Good Luck