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FN Bull Flag

FN Bull Flag

by | Aug 1, 2021 | Chart SetUps

Fabrinet (FN) shares forming a nice bull flag under $97 and setting up to break out of a multi-month consolidation to new highs. A run higher has near-term targets up at $105 while the longer-term upside target is near $120. FN shares are hitting the ‘ready to run’ scan today as it consolidates above cloud support with MACD back near zero and curling higher while RSI is back above 55.