BUD Analysis for 11.11.2007

ANHEUSER BUSCH COMPANIES INC. - BUD

Monthly chart shows that the move up into the highs has been corrective in pattern. Uptrend line which was in place has been broken.

Weekly chart shows yet another uptrendline has been broken. The past four weeks has been met with resistance and selling.

Daily chart shows more clearly the resistance at the $53 level and the selling. Downtrend line in place. Sellers gapped down the price at the open on Friday, where early buyers stepped back in to take the price higher, but were met with selling pressure, where sellers took it down to close on the lows for the trading session. Look for further weakness next week.