FRPH: $49.24 Short Target from Momentum

NASDAQ:FRPH   FRP Holdings, Inc.
First off, please don't take anything I say seriously. As always, this is on opinion basis. That being said, let us get into my analysis. Many people have recently gave FRPH buy ratings, but its momentum haven't been too strong to say it still doesn't have steep resistance curves as well. Given where I would put the target based off of past correlations, I think the next target for a short call that is quite bullish, should be around $49.24.


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