FLIR Systems redux
I have a private request to update FLIR Systems/FLIR...
The oft-stated breakout at (split-adjusted) $32 remains intact. Note the trend line of declining tops in the chart below:
This event -- if and when it occurs -- must happen with explosive volume (note the diminution of volume during the past many months while the presumed base built), and close convincingly above the $32 breakout.
I believe this anticipated breakout could occur as early as this holiday-abbreviated week -- arguably on Wednesday, if you insist upon a specific day. Watch for a surge in volume in advance of, or coincident to, the price breakout. Trading objective is ~$42-44, stop is $28+...
The oft-stated breakout at (split-adjusted) $32 remains intact. Note the trend line of declining tops in the chart below:
This event -- if and when it occurs -- must happen with explosive volume (note the diminution of volume during the past many months while the presumed base built), and close convincingly above the $32 breakout.
I believe this anticipated breakout could occur as early as this holiday-abbreviated week -- arguably on Wednesday, if you insist upon a specific day. Watch for a surge in volume in advance of, or coincident to, the price breakout. Trading objective is ~$42-44, stop is $28+...
posted by David M Gordon | 9:45 AM
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