Note the PPO on the daily and weekly charts.
one observation on the positive side: recent retest of the $6.40 swing low, and moved up 9.7% on Friday closing slightly above the 50 sma/ema's.
BMD has remained below the 20 and 21 ema's for 6 days....note the recent unbroken declining tops trendline on the daily.
The position of the recent price action relative to the support trendlines on the daily and weekly charts depends on whether wicks are ignored or not.
on the weekly chart, note price trend relative to the 5 and 21 ema's.....and note the weekly MACD. The value of the PSAR buy on the weekly is $6.38....and the distance of recent price from the weekly PSAR has been decreasing. The weekly PSAR buy has been unbroken since mid-May, as has the weekly 21 ema.
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profile:
Birch Mountain Resources, Ltd. engages in the exploration of industrial minerals in Canada. It owns approximately 402,965 hectares of mineral property in Athabasca and Birch Mountains, Alberta. The company also engages in the research and development of naturally occurring precious and nonprecious metal microparticles and nanoparticles. Birch Mountain Resources was founded in 1994 and is headquartered in Calgary, Canada.
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http://www.birchmountain.com/
the 4-page "Third Quarter Results" link at the website presents the status of company operations and financials. This may be important considering the stock price has rallied into the 4th quarter (the first quarter in which the company states it expects revenue will be reported).
this link at the website explains the company's competitive advantage:
http://www.birchmoun...r/investor.html
Edited by hiker, 08 January 2006 - 04:11 PM.
Thanks for the heads up. 
