FEYE – FireEye Inc. -Weekly Chart.
FireEye is a cybersecurity platform provider (in real time) to corporations and governments. In the chart there are signs of fund buying within the base – something we’ll need to get a breakout.
FEYE is currently working on a 7 week flat base. Of note are the set up of the moving averages, which are tightening, but still in negative position (the 50-week being above the 21-week ma).
The pivot point is at 16.35 for a breakout from the flat base (on good volume on breakout day).
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