Chart Request: Applera Corp – Applied Biosystems Group (ABI)

Here’s ABI for Seamus:

Usually when i look at a chart the first thing I do is look for a moving average that’s been a good ‘fit’ for the stock. Both the 20 and 50-day moving averages have provided support to ABI during its recent rally. So what strikes me now is that it just broke through the 20-DMA. Since I don’t see much support between the 20 and 50 DMAs I think it could easily drop back to the 50 DMA. Also note the Bollinger Band squeeze.