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.
Posted by StockMarket -Implode at 10:16 AM