Skip to main content

Clarusvisus/Getty Images/iStockphoto

Briggs & Stratton Corp. stayed in a wide horizontal trading range mostly between $17 and $24 for several years (dashed lines). The recent rise to $25.92, above the top of this range (A), suggests a breakout and the start of a new major up-leg. A sustained rise above ±$26 would confirm this. Behaviour indicators including the rising 40-week moving average (40wMA) and the rising trend-line (solid line) confirm the positive status. Only a sustained decline below ±$22 would be negative. Point & Figure measurements provide targets of $29 and $32. The large trading range (dashed lines) supports higher targets.

Monica Rizk is the senior Technical Analyst and Ron Meisels is the president of Phases & Cycles Inc. ( And he tweets at @Ronsbriefs. They may hold shares in companies profiled.

Chart source:

Story continues below advertisement

Report an error Editorial code of conduct
Tickers mentioned in this story
Unchecking box will stop auto data updates
We have temporarily removed commenting from our articles. We expect to have our new commenting system, powered by Talk from the Coral Project, running on our site by the end of April, 2018. If you are looking to give feedback on our new site, please send it along to If you want to write a letter to the editor, please forward to