BDX, Becton Dickenson & Co.

BCD june 2012bdx june 2012s

This company makes medical instruments which it sells all over the world. This is a model 5+ year “” correction that has the 3-3-5 signature. It is moderately bearish and consequently the first leg down is a 3 wave structure instead of the 5 wave structure that you would find in the zig-zag. But about 50% down is no fun, particularly not if you do it twice in a row. Target is about $55 and then some and is highly reliable.