»

[StocksonWallStreet]

Good points Greg, thanks for the charts and analysis

[Greg Magadini]

FLR is continuing to look nice on the charts...
Although the the 20-50-200 SMA are still in bearish mode, notice the nice trendline formation occuring within the past few days. Price formation in my opinion is a good leading indicator while SMAs are lagging indicators.
Although not show here, the momentum indicator and MACD are also bullish.
If you are not currently in FLR and want to get in.... buy a LITTLE. There may be some early profit taking soon. If this "new" little trendline is broken downward, this may be the start of some profit taking. Yet the Bullish overall trend is still good, therefore a good place to jump in. If FLR breaks below the 39.77 low, then get out... so 39.77 is a good spot for a stop.... Also Covered calls folks..... those are nice. 30-45days out are the best covered calls for Theta (Time Decay)