..as long as it keeps making progress and keep the uptrend line in place people will be confident to stay long. It was another volatile week for FormFactor, Inc. (NASDAQ:FORM). The stock hit $10.64 at its high and $9.83 at the low. Overall I don't see any changes from my previous comments. The share price is stuck in a range with $10.75 as the top of the range and $8.58 as the bottom of the range. A breakout from the range would impart a decisive trend. For the short term, it is consolidating inside an ascending triangle with resistance at $10.75. If it breaks out of the ascending triangle, target price is at $12.89. Technicals still point to FORM being a buy and I believe today's pullback could be the perfect entry point for a strong bounceback. CMF is positive for the first time since its last big run. Bulls have been buying dips near FORM's rising 50-dma so I'm suggesting a stop just under the 50-dma. Source : http://ac-investor.blogspot.com/2011/05/stock-picks-for-week-of-may-16th.html
A base Miguel? What you have is a year of sideways movement, in the basement. IF it's a base, multiply width x height and add to a breakout. You don't even get 15. Cash on hand? That would suggest no where to put it in their core business. A good business model is lean on cash and.........levered. Particularly when short interest rates are at a mult-generational low. There's better risk/reward scenarios. Bases? Here's (3): HOOK, EGOV, CTGX. As for the latter, if the "X" suffix is dropped from the ticker, meaning IN complaince, watch it soar. Not sore, soar.
$FORM options traders are buying calls. http://www.benzinga.com/options/11/07/1220835/calls-purchased-on-formfactor-inc
Seems as if you bought FORM and are trying to convince yourself it was a smart decision. I think you bought it just because you thought it was cheap. With so many strong stocks why such a weak one? Move on.
I don't see that as building a base... looks more like a weak stock in a channel... base lacks tightness