Tuesday, January 3, 2012

FJ Ben

FJ Ben: seeing strong volume in today's morning session, but on virtually no news flow. Stock is up 3.5% at $0.30.
Technically, the stock is currently trading right in the middle of its downward trend channel. Near term momentum however is positive, with all key indicators rising positively. See resistance at $0.34 (200day MA), support at $0.27.
For now, prefer a sell-into-strength approach, rather than chasing momentum.

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