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Flotek Industries Inc. Message Board

  • thetechtraderca thetechtraderca Mar 15, 2013 10:32 AM Flag

    Harry Boxer's Charts of the Day

    Harry has posted a Charts of the Day video on FTK at TheTechTrader site noting: Flotek Industries Inc. (FTK) had a key breakout on Thursday, running 1.22 to 15.63, or 8.5%, on 3 million shares. That’s the biggest volume since August of last year, and the second biggest volume in a year. The key is that the main high and the recent high are at the same level. A double-top was taken out with a price-volume thrust on Thursday. If the top of the channel is met, and that could be shortly, it could get up around 16 1/2 short-term, but on a longer-term basis, look for something in the low to mid 20’s.

13.31+0.15(+1.14%)1:29 PMEDT