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FATPITCH on Daily

Posted by mtut 
FATPITCH on Daily
March 28, 2012 07:46AM
FWLT and RES formed a LONG FP on the Daily chart yesterday, check your ADX for a HRFP.

FWLT is wedged between the 50ma and 200ma. RES is finding resistance at the 50ma level.
Re: FATPITCH on Daily
March 28, 2012 07:55AM
Excellent - thanks for the heads up! I have been busy the last few days and haven't been able to check out the possible plays.
Re: FATPITCH on Daily
March 28, 2012 11:35AM
I have watched FWLT this morning. You're right - great setup on the Daily after yesterday. I was looking for an entry. But the down market has made the Fat Pitch evaporate so far...

RES is fairing much better in today's down day. Up a little bit, but with only about $0.40 to the top bollinger band on the daily.
Re: FATPITCH on Daily
March 28, 2012 08:03PM
I practiced both of them with a purchase price of each stocks closing price. I closed RES out about 15:30 today up $0.58 or about 5.5%. A good move for a ten dollar stock.

FWLT ended the day DOWN $.053 or about 2.27%.
Re: FATPITCH on Daily
March 28, 2012 08:10PM
Agree. Great day for RES on a down market day!
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