Breaking: FBR & Co. (NASDAQ:FBRC) Stock Through Resistance -- Technicals Hit Extreme Strength
(FBRC Price of Stock at Publication: $18)
Breaking: FBR & Co. (NASDAQ:FBRC) has hit maximum technical strength -- watch the technical oscillators for momentum gaps. The company has broken out to a five bull momentum rating -- that is extreme strength and through technical resistance.
The risk now is that the stock is overbought, but as of this moment, the price is moving abruptly higher, through resistance, and the bulls are leading the charge.
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FBRC is up +40.1% over the last three months and up +34.2% over the last six months. The stock price is up +0.3% over the last year. The current stock price is $18.
FBRC Stock Returns
If you're looking for the simplest version of this, here it is -- when the short-term moving averages are above the long-term moving averages that indicates relative strength in the technical. Then see the current price relative to the highest moving average and you will have a "back of the envelope" technical indicator in your back pocket for any stock at any time.
The blending and weighting of numbers above created the technical model built by Capital Market Laboratories (www.CMLviz.com). Note the stock price at publication ($18), since the technical rating is based on intraday stock prices.
Technicals | Support: 17.4 | Resistance: 18.5
Golden Cross Alert: The 50 day MA is now above the 200 day moving average.
As we noted above -- the back of the envelope rule here is that when shorter-term moving averages move above the longer-term ones, momentum is building. We have that right now.
Swing Golden Cross Alert: The short-term 10 day moving average is now above the 50 day moving average.
When the shortest-term moving average (10-day in this case) moves above any other moving average (50-day in this case), momentum is climbing.
This is where pivot points reign: FBR & Co. has a five bull (top rated) technical rating because it's trading above its 10-, 50-and 200- day simple moving averages and the stock is up 1.41% on the day the day.
We now turn to the actual numbers driving this rating:
FBR & Co. (NASDAQ:FBRC) rating statistics:
10-day moving average: $17.68
50-day moving average: $15.82
200-day moving average: $14.54