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Friday, November 12, 2010

FO


FO had a big move on it's last earnings back in early October, which proved to be the beginning of a handle pattern on a long cup and handle pattern that began in April. If you ignore that spike, which is technically the high of the handle and therefore the breakout point, then this looks like an incredibly nie base.  However, with that spike, it makes the handle awfully deep, and even today's big move could not break it out. There was no reason for today's move that I could find, so I would not count on it continuing.

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