jayper
Short

Diamond Bottom FDML Downward breakout

NASDAQ:FDML   FEDERAL MOGUL HOLDINGS CORP
Downward break out confirms likely continuation. Surprise of -0.11$ in earning likely did not help. Long term resistance from the channel likely did not aid.

Setting conservative target of $13.20
Watch out for short term pull back to the breakout price. Would recommend stop loss at ~$15.80
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