Stock Chart Analysis FARO

Posted by downtowntrader | 8/27/2007 10:29:00 PM | 0 comments »

Stock Chart Analysis FARO

FARO Technologies, Inc. (Public, NASDAQ:FARO)

While I think now is not the time to be entering into new swing trades (waiting for a few day pullback), FARO is making me consider the bending of my rules. It is showing outstanding strength and the 20 day sma has finally caught up to price. The bollinger bands are also starting to contract sharply, perhaps signaling an upcoming expansion in volatility. I'll be keeping an eye on this one.

Good Trading,


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