Boston Properties (BXP) sports a bearish long-term chart pattern.
This chart of BXP, above, shows the weakening picture. Prices topped out around $145, followed by a decline to $110. The On-Balance-Volume (OBV) line has mirrored the price action. The Moving Average Convergence Divergence (MACD) oscillator is negative, and the 50-day and 200-day moving averages are pointed lower.
This longer-term chart of BXP shows the peak and recovery as well as the start of the next leg down. The 40-week moving average has a bearish slope. BXP can be sold at current levels and more aggressively on a close below $110. A deeper decline to $100 or lower seems to be in the cards in the months ahead.