Sunday, February 9, 2014

Trade Alert: FDML

Federal-Mogul Corporation FDML has fallen out of bed, hard. But the time to sell this stock has passed at least for now. You can see after the hard crash from $24 to just under $16 stock found support precisely at the 200 day moving average. The shares will probably meander back up towards 50 day moving average, which is turning downward and cause for concern. I would put my stopped $15.10 (below the action) and let it ride.

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