FSTR - L.B. Foster Company

Industry: Railroads Sector: Services Exchange: NASDAQ

FSTR - L.B. Foster Company

Industry: Railroads Sector: Services Exchange: NASDAQ
#3835()/6981

Fri 20'th Jul 2018

PERIOD 2018-04-23 - 2018-07-20
CHANGE -0.22%
PRICE $22.35
VOLUME
Sell
TREND
Hold

MV LONG
Sell

MV SHORT
Sell

PIVOT
Buy

MACD
Sell

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L.B. Foster Company Stock Analysis

Technical stock analysis for Fri 20'th Jul 2018

Hold candidate since 2018-07-19 Loss -0.22%
Shorts 2.57% ( 2018-06-29 )
Cash n/a
Loans n/a
Beta 2.27
ROA 1.16

L.B. Foster Company fell by -0.22% in the last day from $22.40 to $22.35 The price has fallen in 6 of the last 10 days and is down by -6.49% for this period. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -7 905 shares and in total 21 614 shares bought and sold for approximately $483 073.00.

Trend

L.B. Foster Company is the lower part of a wide and horizontal trend on short term, and normally this would pose a good buying opportunity, though a break down through the bottom trend line at $21.67 will give a strong sales signal and a trend shift may be expected. Given the current horizontal trend you can expect L.B. Foster Company with 90% probability to be traded between $21.54 and $25.80 at the end of this period with 90% probability. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

Click here for today's Top 5 Trending Companies

Signals

A buy signal was issued from a pivot bottom point on Wednesday July 18, 2018, which indicates further gains until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. L.B. Foster Company holds sales signals from both short- and long-term moving averages. In addition, there is a general sales signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up there will be some resistance from the lines at $22.51 and $23.83. A break-up above any of these levels will issue buy signals. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.

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A buy signal from a double bottom formation was found on Wednesday July 18, 2018 and based on theory for this formation the price should go up by 0.30% to $22.65 within 5 trading days since signal was issued (Wednesday July 25, 2018).

Relative Strength Index (RSI)

RSI14 is 43 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

L.B. Foster Company finds support from accumulated volume at $22.30.

Support: $22.30 Price: $22.35 Resistance: $22.95

Risk

This stock may move much during a day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.40 between high and low, or 1.80%. For the last week the stock has had a daily average volatility of 2.53%.

Our recommended stoploss: $20.88 (-6.59%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 2 days ago.)

Overall risk:

Very Low Low Medium High Very High

FSTR $22.35 $-0.05(-0.22%)
FSTR is down $0.05 today, but where's it headed in August?
Zacks Investment Research is releasing its prediction for FSTR based on the 1-3 month system that more than doubles the S&P 500.

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