FOXF has been trading horizontally for a few months forming a flat top wedge (bullish) pattern. I expect this may continue until next earnings (Nov 2) wherein the wedge may break bullish. I'll be watching the pattern until then.
As well, many technical indicators are showing weakness from the horizontal trading, and I consider the stock now at a buy point (particularly because of such rapid revenue growth).
As well, many technical indicators are showing weakness from the horizontal trading, and I consider the stock now at a buy point (particularly because of such rapid revenue growth).