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Federal Signal Corp. Message Board

  • carolyn_novice carolyn_novice Apr 23, 2014 10:32 AM Flag

    Was Yesterday a Bear or Bull Trap FSS 15.33

    The Company also announced that its Board of Directors has authorized a share repurchase program of up to $15 million of the Company's common stock.

    When market is going down FSS stock is being accumulated. Was yesterday one day event or we could get another trap. So far volume is very moderate.

    Analyst options are 10 which are very bullish.

    We need momentum, price move and the volume increase.

    I still think yesterday was due to derivatives, some big institution, paid to buy at certain price, when the price was low six months ago.

    I added some today, but being a trader I am not yet sure if we were in a bear or bull trap.

    Hopefully we will know soon.

    Sincerely,

    Carolyn Novice

    Sentiment: Strong Buy

 
FSS
13.52+0.38(+2.89%)11:21 AMEDT

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