Wednesday, March 18, 2009

FAS Update

FAS was mentioned as being a breakout in the previous entry on Bump-and-Run Bottoms on March 15th. FAS paused a day to retest the downward trendline, then has proceeded upwards both towards its target and the descending 50-day moving average. The moving average and price appear about to meet at the stated target of 8, a gain of over 40% in four days.

Excuse me while I pat myself on the back. It's yoga. (grin)

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