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Stock Market & Financial Investment News

News Breaks
August 12, 2014
14:28 EDTFOSLFossil technical notes before earnings
In the prior three months the shares have underperformed the broader averages with a loss of over 8%. The downtrend in the shares on a longer-term basis has been underway since shares hit a peak of price in early November 2013. That downtrend has been characterized by volatile bursts higher in price away from the broader downtrend that fail to hold. On disappointing news, a breakdown below $100 would seem highly probable. For the prior two years the $100 area has been both resistance and then support. A break below $100 would be therefore more technically significant. Support below on an increasing band of disappointment would be at $97.96, $92.80, and $89.33. If the news is more positive than expected, a move up to the recent pivot at $108.08 would be the first major resistance encountered. A breakout above $110 would turn the shares from bearish to neutral with additional resistance then at $114.12. The short-base is large at over 8% of the float short which could add to a potential short-squeeze on stronger than expected news.
News For FOSL From The Last 14 Days
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October 14, 2014
11:21 EDTFOSLFossil initiated with a Buy at Standpoint Research
Target $124.

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