Stock Chart Analysis FCN

Posted by downtowntrader | 1/16/2008 09:24:00 PM | 0 comments »

Stock Chart Analysis FCN

FTI Consulting, Inc. (Public, NYSE:FCN)

Looking at the chart for FCN, you couldn't tell that the markets have been mired in a correction. It just hit new all time highs in December and has been drifting back in an orderly fashion. It's been finding support at the 50 day sma all along the uptrend and there should be a good chance that it repeats a bounce here. This is one of those situations where a clear stop can be placed and you should know fairly quickly whether the trade will work out. I would wait for price to get over 60 before taking this trade though.

Good Trading,


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