Wednesday, December 18, 2013

Volume Off the High- Dec. 17 Trading Day Edition

So what happened to the Dec. 16 Volume Off the High post? Well, no names hit the screens I follow or passed any smell taste, hence no Dec. 16th post. This is the first time this has occurred in a while. However, I would not read anything into it, per se. Turning to the most recently ended trading day, one name of interest is FDS. The financial services company reported earnings that were light of estimate and traders bashed the shares. It appears that stock has broken the support at about the $109 level. This portends that the stock may test price levels below $100 per share.

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