Bucyrus Int'l (BUCY)

This morning the company, in which we had previously taken a position, has acquired Terex'es excavation business, which they claim will be immediately accretive to earnings. This is an all cash deal, making it all the more bullish.

BUCY has formed a five week Square Box second stage base. The last three weeks mark tight closes. We don't care for the topping tails on the weekly chart, but today's news is a company altering event. The stock is breaking out to new highs on enormous volume and we believe it is a buy, or an "add to" at the market.