Provo International Inc. (FNT)

[acetrader44]

The stock is showing lots of strength here...

And the MMs are handling this one in classic fashion. The basic technicals are shaping up incredibly well. PPS is holding well above 10-day exp MA. Today's action was a clear signal that the stock is very attractive at these levels and that the price should hold. As has been the case for days, there were very few sellers today. Lots of upside room here, especially as more traders look into the new revenue stream and future expansion plans. Anyone who hasn't climbed on board yet should do so soon, or you're likely to miss the swing back up to former trading levels. A likely scenario is that this trades sideways, trickling upward through the low .20's for 5-10 trading days, bouncing along the upper side of its 10-day mov avg., until we get a momentum swing when more traders realize the trend has really changed.

That's when the seatbelt signs go on and the real action begins. Patience will be rewarded here.

Good trading,

Ace