Freshpet Inc (FRPT)

[fatbacker]

Well FRPT had an excellent day today. Closing at $6.95 from Fridays $6.45 close.

Today we closed with a candlestick pattern of a three outside up which is a very reliable bullish pattern.

If tomorrow can close above todays close we should have a new support level of about the $6.95 area which means we will be on our way to finding a whole new resistance level.

The stochastic is at overbought level but if we can break the resistance level tomorrow and hold it we could be riding the top of the stochastic for at least a short while.

The RSI still has some room left in it IMO.

The MACD is definitely looking for a new trend direction and could see the results of that soon.

Volume was excellent today and we also have plenty more accumulation going on according to the Accum/Dist line

Todays long white candlestick was encouraging because it is a continuation pattern that could make plenty of people happy tomorrow.

I am also planning on going to the shareholders meeting on the 18th of Sept in Charleston SC since I am only a couple hours away from there and would be interested to see what they have to say about their future plans. If I am allowed to take pictures I will and then I will try to download them on the internet for people to see them.

Just one more thing, GO FRPT GO!!! yeee haaawwww