Pretty clear H&S. Shorted a few shares at $20. Will hold through earnings
If FTK opens above 17.40, Gap N Go. To learn to trade this strategy for free, go to www.RealLifeTrading.com
A move to the support line of the uptrend around $15.25 - $14.75 is a good entry point if it holds. My PT is @ $17.25
FTK is currently in a slight downtrend channel, falling step by step. Look for support around the 9.00-9.30 range and then a possible boost back up. However, if support is broken down, there is the possibility for a fall down to the 8 dollar range. The MACD has also dropped, so now isn't the best time to buy the stock.