Saturday, January 9, 2010

Stocks2Watch

FCH - FelCor Lodging Trust Inc
$3.81

FCH has been consolidating and that pattern often precedes a further upward move.
In addition, its MACD has switched positive and its volume has been increasing along with price.

Currently, it is dealing with a resistance level around $3.86

As you may know, FCH is a motel/hotel REIT that traded in the mid-$20 range until the economic downturn hit us.

Keep an eye on the resistance level...

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