Tuesday, September 18, 2007

FTI - THE ANALYST PLAY


Stock split 2for1 on 9/4. Price action very bullish since. What makes this stock interesting is the difference of analysts comments. One day there was an upgrade. That lead to that hangman candle on 9/17.


Today was a downgrade. Notice the huge down volume on daily. However, when seen at the 5 minutes, notice huge up volume into the close. Even closed above the 50. I will go @ $55.50 with a stop at $53.70 (todays low).

LONG $55.50 with stop at $53.70

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