[Entering Position in Formfactor, Inc. (FORM)]
Dear Member:
Formfactor, Inc. (FORM) has broken above a little resistance at $38. DMI and MACD are both positive and the stock has moved above the 40 and 50 day moving averages. I like FORM on a day order at a limit of $38.50 or better. Initial exit in the event of a downturn would be below today's open around $37.40 so there is a fair amount of risk here.
DISCLOSURE: At the time of publication, I have no position in FORM.
Sincerely,
Bill Kraft
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