FEYE – FireEye Weekly Chart. Bought some on the lows near the 21-week ma today. We’ve been stalking this stock for a while waiting for weakness to start accumulating. There are big volume. signs of institutional buying in the base which often precedes a future breakout and run. In the chart we see a flat base pattern forming with the moving avgs. coming together and crossing.

FireEye Inc (FEYE) -Cybersecurity platform  providers (in real time) to corporations and governments.

The pivot point (and our future buy point) is at 16.35 for the cyber security platform provider. We’ll need some volume on the breakout to make it hold – 40-50% above the average daily volume should do it.

Here’s the weekly chart:

FEYE FireEye Weekly Chart