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Fabrinet Message Board

  • thetechtraderca thetechtraderca Feb 6, 2013 10:38 AM Flag

    Harry Boxer's Charts of the Day

    Fabrinet (FN) had a nice day. After having a long declining topsline and the neckline of a big basing pattern taken out, it coiled to resistance, pulled back, moved up again, pulled back again, and then exploded the last four sessions or so, taking it from about 13 to 16 1/4 on Tuesday. It closed up 1.39 to 15.92, or 10%, on nearly 700,000 shares. That’s big volume for that stock. It’s slowing down a little. The next target is up around the 16.90-17 range short-term, and the secondary target is set at 20.

37.81+0.74(+2.00%)1:19 PMEDT