"Everyone has a plan 'till they get punched in the mouth" - Mike Tyson

June 18, 2013

FLIR: a new long idea

This stock is in the very hot aerospace and defense group.  It also has a created a heck of a nearly two year bottoming pattern targeting much higher prices.  Let's take a look.


Note price edging up against the neckline on today's huge breakaway gap.  If a price breakout were to occur over ~27.50, it would likely be accompanied by a relative strength breakout and a bullish MACD cross.

One more reason I'm interested is a possible 4-5 year double pattern where last July's low undercut the 2009 low.  Of course it's too early to tell, but this can be a multi-year performer allowing us long term tax advantages.

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All ideas shown on this blog represent the authors opinion based on the data available.