Kevin told me all I needed to know about BEC in his email:
I was scanning for hammers over the weekend, and BEC hit my radar. I put it on the watchlist today and it didn't make a move. What do you think of a position trade in this stock, it looks oversold, but it's also under its 20,50, and 200 MAs. Your thoughts?
Although I love candlesticks, and especially hammers, I always take the prevailing trend into account first. As soon as I see that any stock is under the moving average that's appropriate for my time frame I say "next!" if I'm looking to go long.
