My stock of the day yesterday is my favorite when market
chatter is bearish and scary and your best bet may not be to run to cash when
your best source of monthly retirement income is from stock and/or fund
dividends.
Today, let’s visit a bit with another stock that’s worthy of
further technical and fundamental analysis: BCPC (Balchem Chemical).
Writing for Motley Fool, Seth Jason reports that Balchem’s
inventories appear to be on the rise. If that’s so, now might not be a good
time to acquire BCPC.
Even so, I believe the stock belongs on my watch list because
of its 10-history, including positive performance in terrible 2008, suggest (to
me) that BCPC is a stock that belongs in my portfolio. My guess is that it will
recover right along with the stock market as people start buying stuff again—a pretty
good sign that good stocks are in or near another bull market.
Others might say BCPC stock is now selling at or near a
pullback low point.
That’s a judgment you need to make as a do-it-yourself
portfolio manager.
My 5-year
Yahoo chart suggests BCPC has had s significant up trend after every
buying-opportunity pullback.
My 3-month chart suggests BCPC’s
staying power served it well in the market pullback of the last few weeks.
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