CR Bard (BCR) has a great-looking weekly chart but -- there is always a 'but' -- this time we're talking about CR Bard breaking its long-term uptrend.
This daily chart, above, is the start of what I think will be a decline for BCR. Price and the On-Balance-Volume (OBV) line peaked in August. The OBV line goes lower even when BCR trades sideways, suggesting that longs are liquidating holdings. Even though BCR bounces off the rising 200-day moving average several times, each rally fails to launch a new uptrend. A flat and stuck-to-zero Moving Average Convergence Divergence (MACD) oscillator tells us that BCR lacks strength.
Here, chart above, is the great uptrend we talked about in the first paragraph. Just go long BCR whenever it bounces off the 40-week moving average -- easy money maker. But lately the OBV line is flat, not confirming the rising price trend. And the MACD oscillator gave a "take profits on longs" crossover. If you have BCR in your portfolio, I would strongly consider trimming your position and putting a stop-loss on the balance just below $180.