Jump to content



Photo

FormFactor, Inc. (NASDAQ:FORM)


  • Please log in to reply
No replies to this topic

#1 Costa

Costa

    Member

  • Traders-Talk User
  • 660 posts

Posted 13 May 2012 - 03:53 AM

Shares of FormFactor, Inc. (NASDAQ:FORM) had a nice surge a few days ago and has been consolidating that move since then. Very nice setup $6.75 the next resistance. Looking at the technical chart we can see some positive technical signals, bullish MACD crossover, rising RSI line and a strong volume accumulation. It looks like the accumumation indicator on the chart was not lying and it appears that many of the shares that were traded earlier this month are in hands of investors who are not willing to sell them at these prices. For next let's see if FORM continues to gain momentum. A move above $6.34 would confirm that the stock has commenced the next phase of an upward move. Stay tuned.

Posted Image
Costa
AC Investor Blog Keep up to date by subscribing AC Investor Blog newsletter or RSS feed. You may wish to also follow me on Twitter.