Tuesday, July 26, 2011


F&N: Trading Central (Bloomberg) Has Technical Buy Call. Note that the upside prevails as long as $5.80 is support. A downside breakout of $5.8 would call for $5.52 and $5.35. Note that the RSI is above 50 and MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day MA (standing respectively at $5.88 and $5.85).
Next level resistance at $6.02, $6.37 and $6.53

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