Registered: Aug 2006
04-29-12 10:31 AM
FormFactor Inc. (FORM) -NasdaqGS
The stock looks to have solid support at these prices and should start to trend higher from here. It's trading within a rising channel. FORM's stock has just touched the bottom of the channel and rebounced from there. In addition, the accumulation line starts to turn up, RSI is above 50 and has broken above its downtrend line. This company is in the midst of a turnaround and I expect the stock price to start to rise in anticipation. Early this month the Davidson initiated the stock with a "Buy" rating and a price target of $12. They believe FormFactor is ready for "a return to profitability as the industry recovers and could more than double within just a year.
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