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Gator's Chart of the Day: FIO |
I can't say it's pretty but it is testing support. So far it is holding and as long as it stays above 21.35 it looks like a good place to take a small position. The overall market looks pretty weak here so if the stock breaks support (say below 21.30) I say dump it and look for it to stabilize closer to 18.
Long term I think this is a company that will do very well on it's own and will be (already is) a takeover target.
