After its sharp uptrend last June, FDC retraced 38.2% from its high of 3.95 to reach a low of 3.20. Notice, however, the series of higher lows it made after that. Last week, I was already watching this stock for a breakout. Finally, yesterday, it broke above its minor resistance at 3.50 to close the day with a long white candle at 3.56. There was a 4M cross today care of 220, but if you take that out, volume remains exceptional with 5M. I would remain bullish on FDC as long as support at 3.50 holds. Based on today's move, I expect a retest of its previous high of 3.95.
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