BSD Medical Corporation (BSM)

Company

"BSD Medical Corporation develops, manufactures, markets and services systems to treat cancer and benign diseases using heat therapy delivered using focused radio frequency (RF) and microwave energy. BSD Medical is also making major progress in the application of its technology for other therapies." (company website)

BSM 1-year chart
BSM 1-year chart

Buy

BSM 2-month chart BSM 2-month chart

BSM peaked just before the market correction at the end of February, and it drove the price even lower, back near the 50-day moving average and inside an upward price channel. It has recovered from that setback and is poised once again to break out above the channel.

  • Price momentum (PPO) — very sharp increase in early February
  • Trend (ADX) — strengthened greatly in early February
  • Money flow (CMF) — slight outflow, improving
  • Relative strength (RSI) — was very strong, back at neutral after the correction
  • Volume — increased steadily throughout February

Based on technical analysis, MarketEdge calls BSM a "strong buy" in a "strong upward trend."

Sell

gain Bottom line
10%

I decided to close my position in BSM today to lock in modest gains. The chart still looks pretty strong to me, but with the markets having such violent mood-swings, I wanted to make sure the gains weren't frittered away.