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.

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


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