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$FN | ($FN) Investment Analysis (FN)

By Thomas Kee
From Stock Traders Daily

$FN | ($FN) Investment Analysis (FN)

The technical summary data tells us to buy FN near 215.76 with an upside target of 249.96. This data also tells us to set a stop loss @ 215.14 to protect against excessive loss in case the stock begins to move against the trade. 215.76 is the first level of support below 230.43 , and by rule, any test of support is a buy signal. In this case, support 215.76 would be being tested, so a buy signal would exist.

The technical summary data is suggesting a short of FN as it gets near 249.96 with a downside target of 215.76. We should have a stop loss in place at 250.68though. 249.96 is the first level of resistance above 230.43, and by rule, any test of resistance is a short signal. In this case, if resistance 249.96 is being tested, so a short signal would exist.

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