Focus Financial $FOCS, making the breakout from a perfect base
Focus Financial Partners, LLC is an investor in independent, fiduciary wealth management firms. It has been one of the leaders in the shift of financial advisors from wirehouse broker dealers to registered investment advisers. With a Rank #1 in its industry by IBD and a RS rating of 85 confirming the uptrend.
Since March, NASDAQ:FOCS formed a good base with a "volatility contraction pattern", and today finally made the breakout with good volume. The trade, with a buy at the close yesterday, would be with a stop in $50.76 or two staggered stops, one at $52.65 with half the position and the other at $49.61. The target sell price is at $64.45.
Since March, NASDAQ:FOCS formed a good base with a "volatility contraction pattern", and today finally made the breakout with good volume. The trade, with a buy at the close yesterday, would be with a stop in $50.76 or two staggered stops, one at $52.65 with half the position and the other at $49.61. The target sell price is at $64.45.
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