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[Costa]

..as long as it keeps making progress and keep the uptrend line in place people will be confident to stay long. It was another volatile week for FormFactor, Inc. (NASDAQ:FORM). The stock hit $10.64 at its high and $9.83 at the low. Overall I don't see any changes from my previous comments. The share price is stuck in a range with $10.75 as the top of the range and $8.58 as the bottom of the range. A breakout from the range would impart a decisive trend. For the short term, it is consolidating inside an ascending triangle with resistance at $10.75. If it breaks out of the ascending triangle, target price is at $12.89. Technicals still point to FORM being a buy and I believe today's pullback could be the perfect entry point for a strong bounceback. CMF is positive for the first time since its last big run. Bulls have been buying dips near FORM's rising 50-dma so I'm suggesting a stop just under the 50-dma.