One of the few stocks whose MACD lines stayed on positive territory during last week’s market free fall. Is this just because the price was falling from a higher “cliff” than the rest? Regardless, what I know is that this fall helped create a very obvious resistance line (Apr. 2007 and Sept. 2008 peaks).

JFC buying interest looked strong yesterday. It gapped up 6% and grew by another 11% during trading hours. In contrast, almost all stocks made a big gap at the market open but encountered a lot of sellers right away.

The 50-day moving average is trying to cross the 150-day line. The price is already above the 150-day line.

Jabi breakout party at 52 / 53.

Buy at: 52.50

Target Price: 59.00

Cut Loss: 51.50

Potential Gain: 12%

Potential Loss: -2%

Reward-to-Risk Ratio: 6.5