Today’s trade of the day features another cup with handle base. Falconstor (FALC) is a company with not only a great looking stock chart but with great fundamentals making it a potentially good longer term play. The stock first broke out on September 18th with very heavy volume and on that day offered the first entry point. The very next day the stock cleared multi year highs above 12.28 and is now digesting those gains with light selling volume. I don’t expect this stock to stay down for long.
More on this topic
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Grey Sunday’s Best
(Canadian Personal Finance Blog, 11/26/11)
Obama and New York Times Are Both Like Match-Play Golf and "Tin Cup"
(IT Investment Research, 8/24/11)
Tesla Motors (TSLA) Breaks Out Of Cup With Handle Base On Secondary Offering
(Green Stocks Central, 5/26/11)
Menard And Cassill Pleasantly Surprising At Michigan
(Wall Street Sector Selector, 6/19/11)
Filed under Stock Trade of the Day by Tate Dwinnell
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