GetLong
Long

Fossil - $FOSL Holding Gap Up

NASDAQ:FOSL   FOSSIL GROUP INC
11 0 0
$FOSL, earnings 5/10/16. Holding up well and looking strong as it bases over the gap up on prior earnings report. Declining volume on the base here is an encouraging sign. So long as the support and gap hold up, a positive earnings report could propel shares back above $50, however a miss could pressure $FOSL into the gap, if breached (sub 38), this is headed to the lower $30s.

$FIT 5/4/16 earnings were positive, raising guidance should bode well for $FOSL as well, showing the strength of the wearables market. $FIT a more narrow play on wearables than Fossil. The strength of $FOSL lays in their contracts to produce watches for other brands. Recent acquisition of Misfit could start paying dividends soon as they have the ability to transition their technology into watches of other brands, making any watch a smart watch. Secret wearable play.

#GetLong
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out