Stock Chart Analysis FLIR
FLIR Systems, Inc. (Public, NASDAQ:FLIR)
FLIR's chart is looking interesting as it is showing a lot of bullish divergences. Take a look at how price is making new lows, yet all the indicators are making higher lows. This is warning that momentum is slowing and that the tide amy soon change. FLIR has also been drifting back towards a previous breakout area and that may lend support as well. I would only be interested in a close above the 20 day sma as a starting point, but all the ingredients are here for an end to the consolidation followed by renewed strength. FLIR announced a new contract after hours today and that may provide the catalyst for a move. Hopefully it won't gap excessively tomorrow.
Good Trading,
Joey
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