FormFactor, Inc.(NASDAQ:FORM) looks to have solid support at these prices and should start to trend higher from here. It's trading within a rising channel. FORM's stock has just touched the bottom of the channel and rebounced from there. In addition, the accumulation line starts to turn up, RSI is above 50 and has broken above its downtrend line. This company is in the midst of a turnaround and I expect the stock price to start to rise in anticipation. Early this month DA Davidson initiated the stock with a "Buy" rating and a price target of $12. They believe FormFactor is ready for "a return to profitability as the industry recovers and could more than double within just a year.
Article
Stock to watch in the week ahead
Posted, by AC Investor Blog on April 29th, 2012
Authored by, AC Investor Blog
- Tickers:
- N/A
- Tags:
- Investment Ideas, Longs

Add new comment