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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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September 18, 2014
07:26 EDTFOSLGartner: Smartwatch market ready to expand, poised for takeoff, DigiTimes says
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September 15, 2014
16:12 EDTFOSLGlenview Capital Management reports 6.15% passive stake in Fossil
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September 10, 2014
11:37 EDTFOSLGarmin bounces back, Fossil continues slide after Apple Watch unveiled
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08:55 EDTFOSLFossil risk increased by Apple Watch, says Sterne Agee
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06:31 EDTFOSLFossil risk/reward attractive after Apple Watch news, says Jefferies
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September 9, 2014
14:09 EDTFOSLFossil down 3% after Apple confirms launch of Apple Watch
Shares of watchmaker Movado (MOV) are also down 1.6% as Apple's (AAPL) launch event continues.
September 8, 2014
06:21 EDTFOSLSmartwatch market to reach $10B by 2018, says Citigroup
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September 5, 2014
16:12 EDTFOSLFossil, Intel announce collaboration to develop innovation in wearable tech
Fossil Group (FOSL) and Intel Corporation (INTC) announced that they will be collaborating to further develop wearable technology for the fashion industry. Fossil Group will partner with Intel to identify, support and develop emerging trends in the wearable technology space. The companies will work together on emerging products and technologies that will be developed for the fashion-oriented consumer. In addition, Fossil Group will work closely with Intel Capital, Intelís global investment organization, to identify and evaluate co-investments in emerging technologies to accelerate industry innovation and stay at the forefront of the wearable consumer trend.

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