Trade Idea - FCN
Wednesday, March 05, 2008
Chart courtesy of stockcharts

FTI Consulting shares clsed just in the flat line at $63.87 on Tuesday session. Stock has been under pressure in the last two session after the recent rally. Stock broke out to all time highs last week. This is generally a hot buy from a technical perspective, however and at this point the stock is too extended for additional positions, and is now approaching of the Overbought zone. Buy point is on the day it breaks $64.83 mark on heavy volume. At this level, a pull back in stock price is very likely. Stay tuned on FCN.

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.

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posted by Pro Investor Trader at 12:16 PM | Permalink


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