FDC - Downward channel breakout Long from $18.43 to $20.76
FDC was mentioned in our last trading room discussion on May 3rd. Earnings are already reported & it jumped up with the earnings and broke above its downward channel formation. We discussed it will be a possible long if it breaks above $18.43 & it did break that on Friday & looking great so far. We think it will continue upward.
* Trade Criteria * Date First Found- May 3, 2018 Pattern/Why-Downward channel breakout long Entry Criteria- $18.43 Exit Criteria- 1st Target $20.76, 2nd Target- Momentum Stop Loss Criteria- $17.43 Indicator Notes- Strong Twiggs money flow index
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