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FIGS (FIGS) setting up for potential upside move

FIGS (FIGS) setting up for potential upside move

by | Aug 5, 2021 | Chart SetUps

FIGS (FIGS) a hot IPO in June that has pulled back the last few weeks but basing nicely above $35, its prior flag breakout level. FIGS also back to a 61.8% retrace and looking to get above VWAP from its IPO day at $37.55 while above the 21-MA near $38.55 would trigger a trend inflection. Initial upside target the 55-day MA and VWAP off highs near $41.55.