FICO has caught our attention after being significantly beaten down and recently hitting a 52-week low. However, we're now seeing some encouraging strength as the stock approaches our VWAP resistance area, suggesting a potential reversal may be in play.Trade Setup
Entry: Bullish above breakout level around $1,480
Target: Looking for a move toward $1,900 (representing a 25-30% upside potential)
Rationale
Technical bounce from oversold levels. Reclaimed 52 week breakdown lows.
The risk/reward setup looks attractive given the stock's recent weakness and current positioning near key technical levels. A clean break above $1,480 could signal the start of a meaningful recovery.
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For more daily setups and trading ideas across thousands of stocks, check out scalptrader.com
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.