FAST was an IBD 50 stock not that long ago. We know that often former leaders tend to lead on the way down. FAST finished today at a critical juncture, sitting right on the 50 day average. It is hard to see on this chart, but the 3 red days out of the last 4 have been on high volume. It received a downgrade on Tuesday, April 3 which kicked off the selling. I saw no news today. FAST reports earnings Thursday morning before the open so I see no reason to buy at the present time. It might be one to add to your "potential short" list .... or if earnings are good ....
Monday, April 9, 2012
Monday Evening Thread
FAST was an IBD 50 stock not that long ago. We know that often former leaders tend to lead on the way down. FAST finished today at a critical juncture, sitting right on the 50 day average. It is hard to see on this chart, but the 3 red days out of the last 4 have been on high volume. It received a downgrade on Tuesday, April 3 which kicked off the selling. I saw no news today. FAST reports earnings Thursday morning before the open so I see no reason to buy at the present time. It might be one to add to your "potential short" list .... or if earnings are good ....