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BEN Short

Short
Franklin Resources, Inc. (NYSE:BEN)  
OptionalIdeas Updated   
NYSE:BEN   Franklin Resources, Inc.
Head and Shoulders Trend Analysis short
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headandshoulders trendanalysis short
BEN has formed a H&S pattern on the monthly chart.

I believe BEN will drop down to its 2000-2009 trend line. Financials are being hit hard, and many have been calling for a recession or at least a slow down over the next couple of year.

The fall to the trend fits into the larger picture of global slowdown within the next few years.
Comment:
* This information is not a recommendation to buy or sell. It is to be used for educational purposes only.
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