One to watchAfter period of absorption/stopping volume, accompanied with an RSI move out of oversold territory and increasing MACDH, could this be the start of a bullish trend reversal?
−3.20USD
−26.756MUSD
345.765MUSD
18.256M
About FARO Technologies, Inc.
Sector
Industry
CEO
Peter J. Lau
Website
Headquarters
Lake Mary
Employees (FY)
1.49K
Founded
1981
ISIN
US3116421021
FARO Technologies, Inc. engages in the design, development, manufacture, marketing, and support of three-dimensional imaging and software solutions. It operates through the United States and Canada, Americas-Other, Germany, EMEA-Other, Japan, China, and Asia-Other segments. The company was founded by Gregory A. Fraser and Simon Raab on February 21, 1981 and is headquartered in Lake Mary, FL.
FARO - Long Term ChannelThere is a potential short term breakdown of this large channel that has formed on FARO
I have shown this breakdown in green with the bars pattern.
Likely this breakdown will lead to a double bottom and then push to further highs. Hence my view as a 'short term breakdown'
$FARO - out of the bull wedgeThere could be a lot of play left in this one
I would enter on a pull back and be cautious using starter position
FARO, MACD Histogram just turned positiveThis is a Bullish indicator signaling FARO's price could rise from here. Traders may explore going long the stock or buying call options. Tickeron's A.I. dvisor identified 45 similar cases where FARO's MACD histogram became positive, and 38 of them led to successful outcomes. Odds of Success: 84%. C
Correction has BegunWe have to retrace a long way down to correct the long rise of yesterday. We have just started and are holding well below the Bollinger Band at this time.
FARO short opportunity at 53.57/54.35FARO shares gapped down in today's session and attempt to recover; however, through a technical point of view, shares would react to a certain point and retrace before making its next move. My estimate is at around 53.57 to 54.35. I expect to see some weakness around these areas which could present
Here is some interesting area to short or buy this stockThis is my buying / shorting areas for this stock! will be interesting to see what happens
Faro came close to major resistance and ready for break upFundamentals :
FARO Technologies, Inc. operates as a 3D measurement, imaging and realization technology company. It design, develop, manufacture, market and support software driven, three-dimensional measurement, imaging and realization systems.
Technicals :
2015 was hard for this company and pric
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