Sunday, August 18, 2019 8:40:26 PM
FN Long trade setup in Fabinet into earnings.
NYSE:FN Has been on the watchlist for some time as a result of the mauling it took in the may selloff. It has since recovered and we think it offers a good low rick long trade Into earnings
on the 19th AUG.
Technically it is set up bullish having failed, reset, and now broke through the golden pocket FIB restsiatnce.
AVERAGE ANALYSTS PRICE TARGET $59
AVERAGE ANALYSTS RECOMMENDATION overweight
P/E RATIO 19
SHORT INTEREST 3.4%
NYSE:FN Has been on the watchlist for some time as a result of the mauling it took in the may selloff. It has since recovered and we think it offers a good low rick long trade Into earnings
on the 19th AUG.
Technically it is set up bullish having failed, reset, and now broke through the golden pocket FIB restsiatnce.
AVERAGE ANALYSTS PRICE TARGET $59
AVERAGE ANALYSTS RECOMMENDATION overweight
P/E RATIO 19
SHORT INTEREST 3.4%
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