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By: AC Investor Blog
April 14, 2012 at 13:39 PM EDT
Trade Ideas for Week of April 16, 2012
( click to enlarge )
( click to enlarge ) FormFactor, Inc. (NASDAQ:FORM) stock has entered into a consolidation phase after rising very fast in the past few days. The bias remains bullish in nearest term. Immediate resistance remains at $6. Break above that level could trigger further bullish momentum towards $6.5 area. Initial support remains at $5.54 ( 20-day moving average ). I expect positive trend in the stock to continue with immediate target placed at $6.
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Disclaimer : This is not an investment advisory, and should not be used to make investment decisions. Information in AC Investor Blog is often opinionated and should be considered for information purposes only. No stock exchange anywhere has approved or disapproved of the information contained herein. There is no express or implied solicitation to buy or sell securities. The charts provided here are not meant for investment purposes and only serve as technical examples. Don't consider buying or selling any stock without conducting your own due diligence.
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