FactSet Research stock price appears to be breaking out to the upside.
This move comes after a long bullish consolidation.
Factset (FDS) – Buy
We have a bullish setup in FDS as the stock is emerging above a three-month downtrend with improving money flow.
This breakout should produce a rally here (see chart below).
As well, there is potential for a short squeeze in the stock as it has 12 days to cover.
FactSet Stock Chart Analysis
The author may have positions in mentioned securities at the time of publication. Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.
