• Subscribe
  • Log In
  • Home
  • Daily Diary
  • Asset Class
    • U.S. Equity
    • Fixed Income
    • Global Equity
    • Commodities
    • Currencies
  • Sector
    • Basic Materials
    • Consumer Discretionary
    • Consumer Staples
    • Energy
    • Financial Services
    • Healthcare
    • Industrials
    • Real Estate
    • Technology
    • Telecom Services
    • Transportation
    • Utilities
  • Latest
    • Articles
    • Video
    • Columnist Conversations
    • Best Ideas
    • Stock of the Day
  • Street Notes
  • Authors
    • Bruce Kamich
    • Doug Kass
    • Jim "Rev Shark" DePorre
    • Helene Meisler
    • Jonathan Heller
    • - See All -
  • Options
  • RMPIA
  • Switch Product
    • Action Alerts PLUS
    • Quant Ratings
    • Real Money
    • Real Money Pro
    • Retirement
    • Stocks Under $10
    • TheStreet
    • Top Stocks
    • Trifecta Stocks
  1. Home
  2. / Investing
  3. / Financial Services

Brink's Doesn't Look Secure at Current Level

The security company's shares look like they're heading lower in the weeks and maybe months ahead based on its charts.
By BRUCE KAMICH
Aug 14, 2018 | 08:19 AM EDT
Stocks quotes in this article: BCO

Last night during "Mad Money," our own Jim Cramer sat down with Doug Pertz, president and CEO of Brink's Co. (BCO) . This security services and cash management company announced the acquisition of rival Dunbar in May, a deal that closed Monday. It is all well and good that there will be cost synergies between the two entities and Cramer is a fan of the company, but I need to see what the charts look like. Maybe the news has been discounted?

In this daily bar chart of BCO, below, we have some interesting technical developments. Prices have traded sideways to lower the past 12 months. The slope of the 200-day moving average line has turned from up to flat to down. The daily On-Balance-Volume (OBV) line has been declining from October and suggests that sellers of BCO have been more aggressive than buyers. The Moving Average Convergence Divergence (MACD) oscillator has crossed above and below the zero line, but is currently below it in a bearish mode.

In this weekly bar chart of BCO, below, we can see that prices tripled over the past three years. The 40-week moving average line has turned flat to lower and prices are just holding above it. The weekly OBV line has been in a sideways pattern since last September and has weakened the past two months. The weekly MACD oscillator is poised to cross to the downside for a take-profits sell signal.

In this Point and Figure chart of BCO, below, we can see a distribution (selling) pattern and a downside price target of $66. A decline to $66 could well open the way for further declines.

Bottom line strategy: BCO looks like it is heading lower in the weeks and maybe months ahead. A rally to $85 would strengthen the chart, but the $66 area is the downside price target in the meantime.

Get an email alert each time I write an article for Real Money. Click the "+Follow" next to my byline to this article.

Employees of TheStreet are restricted from trading individual securities.

TAGS: Investing | U.S. Equity | Financial Services | Industrials | How-to | Mad Money | Mergers and Acquisitions | Risk Management | Stocks

More from Financial Services

Insiders Are Stepping Up and Buying Shares in These 2 Companies

Bret Jensen
May 25, 2022 11:30 AM EDT

A provider of technology for managing smart homes and a financial services concern are finding interests from directors and officers.

Crafting a Technical Strategy for Insurer MetLife

Bruce Kamich
May 24, 2022 8:31 AM EDT

Let's go MET? Here's how traders can play the stock now.

Berkshire and Buffett Rightly Put Their Value Stamp of Approval on Citigroup

Brad Ginesin
May 17, 2022 10:01 AM EDT

The nod from the Oracle of Omaha's company could signal that it's finally the right time to buy the banking giant.

SoFi Technologies Is Primed for a Rebound

Bruce Kamich
May 16, 2022 8:50 AM EDT

Here's where the shares may be headed next.

Affirm's Results Impressed and Here's Why I Want a Piece of the Action

Stephen Guilfoyle
May 13, 2022 11:00 AM EDT

There are several reasons why the shares were trading higher.

Real Money's message boards are strictly for the open exchange of investment ideas among registered users. Any discussions or subjects off that topic or that do not promote this goal will be removed at the discretion of the site's moderators. Abusive, insensitive or threatening comments will not be tolerated and will be deleted. Thank you for your cooperation. If you have questions, please contact us here.

Email

CANCEL
SUBMIT

Email sent

Thank you, your email to has been sent successfully.

DONE

Oops!

We're sorry. There was a problem trying to send your email to .
Please contact customer support to let us know.

DONE

Please Join or Log In to Email Our Authors.

Email Real Money's Wall Street Pros for further analysis and insight

Already a Subscriber? Login

Columnist Conversation

  • 11:33 AM EDT PETER TCHIR

    Thoughts Ahead of the Fed Minutes

    Recent economic and earnings issues are convincing...
  • 02:24 PM EDT PAUL PRICE

    An Interesting Chart

    I'm betting heavily that stocks will be way up aga...
  • 10:10 AM EDT JAMES "REV SHARK" DEPORRE

    This Weekend on Real Money

    "Market Timing for Dummies"
  • See More

COLUMNIST TWEETS

  • A Twitter List by realmoney
About Privacy Terms of Use

© 1996-2022 TheStreet, Inc., 225 Liberty Street, 27th Floor, New York, NY 10281

Need Help? Contact Customer Service

Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data & Company fundamental data provided by FactSet. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by FactSet Digital Solutions Group.

TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

FactSet calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.

Compare Brokers

Please Join or Log In to manage and receive alerts.

Follow Real Money's Wall Street Pros to receive real-time investing alerts

Already a Subscriber? Login