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Strategies & Market Trends : Charts on Near Term Uotrends

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To: Jibacoa who wrote (1261)9/22/2009 12:58:32 PM
From: Jibacoa  Read Replies (1) of 1404
 
FTWR is down about 3.87% today with volume around 863,500 still below its ADV.

But the stock is still holding its last near term UT that started on Aug 26 from the $0.50 level.<g>

bigcharts.marketwatch.com

FTWR has 4Qs of better revenues and it has trimmed its loss in the last 3Qs. Actually, it has reported on the black column in the fist 2Qs of the current Yr.and if that trend continues it may be able to report on the black for the first time that I can remember.<g>

FTWR is highly leveraged, with a large LTD, but the stock is starting to get off from its long term DT coming from its May 2006 H at $15.90 and in view of the improvements on the bottom line, it seems worth of keeping on a watch list.<g>

The insiders reportedly hold > 20%. The 2nd Q results included some non-recurring items, but the charges outnumbered the gains by > 50Ks.

The ACTAY is $2, but I will place my 'target' at $2.50 to $3 <g>

bigcharts.marketwatch.com

Bernard
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