|
Wind's Blowing in the Right Direction for FLKI, it merits saying it twice. I don't know if you've been watching the articles and press on this great company, but I have, and after last nights management call that united over 200 members of the securities industry, I'm getting pretty excited about it. In early February, Falken Industries Ltd. (FLKI) shares were trading under 20 cents. Today's trading level around 50 cents represents a 150% move in only a few months. Not bad, but that's not even the exciting part. What's got me thinking FLKI shares are starting to actually move higher - rather than just getting bumped around by volatility - is the rising support line we can trace back to February's low. Things got a little squirrelly in late May, but other than that the support line has been a strong guideline. The next big milestone and potential roadblock is 85 cents. It's been support as well as resistance several times over the last couple of years, and I suspect it could be a sell trigger (or at least a headwind). This time though, there's something different... the company's got a bullish biotech wind at its back, swine flu has highlighted the need for FLKI technology and product conceptions, and a new professional line is reputed to leave 3M and Dupont miles behind. I think the smart way for interested investors to play it would be to step into a small FLKI position, and then step in again when/if the 70 cents level is broken. By the way, yesterday, FLKI posted an update regarding its double- barreled H1N1 virus research. Good stuff.
Related Articles -
Car care, car-care, autocare, chemicals, polishes, wax, wipes, wet wipes, clean plus, Lingettes, Nettoyant, Desinfectant, Wipes, Chimie, Degraissan,
|
