Has anyone noticed the increased buying pressure in FM? I have been following this stock for two and half months now and own a sizable position in it. My analysis shows that if this stock breaks 17.50 significantly than this stock can move to 20 and test the previous high. It has a lot of support at 16.5 - 17.25. Also, on a recent trip to the midwest, my friends and I saw a large number of JIB restaurants. And since we were there we had to taste the food. I was pretty good. Wre also baught the antenna balls as a satisfied customers.
I agree with you about the $17.50..............there seems to have been a large block there today which kept the stock at bay. If you follow Point & Figure technical analysis, you would want a break thru the $18 for a 3 box reversal....then a test of a new high....... Good Luck and we'll see how it all pans out!! The earnings should be strong, as this is the best time of year for them!!