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$FMHI | ($FMHI) Investment Analysis and Advice (FMHI)

By Thomas Kee
From Stock Traders Daily

$FMHI | ($FMHI) Investment Analysis and Advice (FMHI)

The technical summary data tells us to buy FMHI near 48.57 with an upside target of 49.11. This data also tells us to set a stop loss @ 48.43 to protect against excessive loss in case the stock begins to move against the trade. 48.57 is the first level of support below 48.73 , and by rule, any test of support is a buy signal. In this case, support 48.57 would be being tested, so a buy signal would exist.

The technical summary data is suggesting a short of FMHI as it gets near 49.11 with a downside target of 48.57. We should have a stop loss in place at 49.25though. 49.11 is the first level of resistance above 48.73, and by rule, any test of resistance is a short signal. In this case, if resistance 49.11 is being tested, so a short signal would exist.

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