Wednesday, November 14, 2007

Getting even more bearish on FRPT

Here is a bearish chart for you. I wrote about Force Protection (FRPT) setting up a head and shoulders pattern a few weeks back and it looks to be coming true. Today, it broke a TDST support line and looks to be in real trouble. It would take some guts to short FRPT here, as it is very volatile, but it might be worth the risk.

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