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$FTC | ($FTC) Trading Signals (FTC)

By Thomas Kee

$FTC | ($FTC) Trading Signals (FTC)

The technical summary data tells us to buy FTC near 128.98 with an upside target of 135.09. This data also tells us to set a stop loss @ 128.61 to protect against excessive loss in case the stock begins to move against the trade. 128.98 is the first level of support below 129.589 , and by rule, any test of support is a buy signal. In this case, support 128.98 is being tested, a buy signal would exist.

The technical summary data is suggesting a short of FTC as it gets near 135.09 with a downside target of 128.98. We should have a stop loss in place at 135.48though. 135.09 is the first level of resistance above 129.589, and by rule, any test of resistance is a short signal. In this case, if resistance 135.09 is being tested, a short signal would exist.

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