BJ Services Is on a Very Choppy Downside

BJ Services (BJS), a provider of oilfield services, peaked on January 23, 2006, dropped precipitously, bounced back to attempt a double top and then moved to a very choppy downside. As of the October 17 close BJS is down 29.2 percent from its high.

The stock has support at $27 with the next support level at $22. Avoid BJS for now.

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Posted October 18, 2006.

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