BAH hitting bouncing off long-term support level

105
BAH has been in a steep downtrend since the election. Finally hit a long-term support level ~$107 last week and bounced nicely. BAH has gained ~7% since hitting that level in the face of broadly negative market sentiment and declines in the major indexes. Starting long position in the $110-$115 range.

Aggressive buying scenario: price drifts to < $108 and political headline risk shifts away from DOD, military.

If BAH can sustain price >$107, look for next move toward $130.

Feragatname

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