Fortress Biotech Inc (NASDAQ:FBIO) Upside Stock Technicals at Extreme Strength
(FBIO Stock Price as of Publication: $3.37)
This is a technical analysis stock rating for Fortress Biotech Inc (NASDAQ:FBIO) . The company has a five bull technical rating which indicates extreme strength. The danger here is a potentially overbought situation, but for now, the stock price is moving abruptly higher and through resistance.
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FBIO is up +48.5% over the last three months and up +22.5% over the last six months. The stock price is up +14.6% over the last year. The current stock price is $3.37.
FBIO Stock Returns
Note the stock price at publication ($3.37), since the technical rating is based on intraday stock prices.
Technicals | Support: 2.75 | Resistance: Stock is Through Resistance
Death Cross Alert: The 50 day moving average is now below the 200 day moving average.
Swing Golden Cross Alert: The short-term 10 day moving average is now above the 50 day moving average.
Fortress Biotech Inc has a five bull (highest rated) technical rating and may be having a technical breakout right now because it's trading through resistance.
The general theory behind ratings follows the line of thought that as stock prices rise or fall abruptly, they appear on various scan results and that creates a reinforcing trend for the stock price in a direction. It's a mix of art and science, but for the technically focused trader it can be a powerful input to the overall analysis.
Fortress Biotech Inc (NASDAQ:FBIO) rating statistics:
10-day moving average: $3.03
50-day moving average: $2.64
200-day moving average: $2.68