From my yesterday’s post on Boston Properties, Inc. or BXP in the New York Stock Exchange (click here to see it), I mentioned that the stocks are more likely to breakdown from the 1-year uptrend and it did. The stock price gapped down during the opening of yesterdays trading session and declined by 3.1% to $72.34. It nearly tapped the $70.00-71.00 support. If the $70.00-71.00 price mark gets cleared out, the Boston Properties stocks could further slide to the $61.50 support. However, anything could happen and the stocks could ascend. In case it does, the current resistance could be the former uptrend. Once that hurdle is cleared out, the next resistance could be the red dotted line.
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