FEDERAL MOGUL – nice recovery to the top of the auto pack. | Indian stocks with winning stock price structures, technical & fundamental analysis, and market investment strategies

Winning Stock Price Structures

Saturday, July 31, 2010

FEDERAL MOGUL – nice recovery to the top of the auto pack.

July 31, 2010: Wants to go to 170. Need some volume though.

April 17, 2010: Federal Mogul is trying to find support near 130. This will be a good entry point with potential to appreciate towards 150 or 160.

The weekly chart indicates that the stock is trying to find support at the 200-day SMA.

Happy Trading!

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Winning Stock Price Structures

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