Last year IPO winner FLTX has given back a significant amount of this
years rally from $21-52, pulling back nearly 40%, however when you look
at where it’s come from the pullback doesn’t seem so bad. Don’t tell
that to those who bought above $40, but trying to chase a stock when it
was clearly in pullback mode is very difficult.
The good news is I believe given where the RSI is (above 40) that the
bullish momentum remains and that when the markets turn around this
will be ready to rebound in a big way. These IPO’s can bounce in a big
way as you can see from this
XONE trade analysis.
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