Trade Idea - FSYS
Monday, November 10, 2008
Chart courtesy of stockcharts

On Friday shares surged 45% to $38.80 per share, going opposite way with most of other stocks. The price is forming a bttom reversal pattern which broke short-term resistance and the 200-day moving average which should result in a strong movement for the bulls. Technically, with K line back above D line and stock back above 200-day moving average we may see some rally coming. Let's keep an eye on it.

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.


posted by Pro Investor Trader at 11:35 AM | Permalink