PPR - Finisar Corporation (FNSR) Showing Strength with Several Pocket Pivots
Finisar Corporation (FNSR) has been flashing several pocket pivot buy points following a very large-volume gap-up move on September 3rd, as is shown on the daily chart below. The gap-up move expresses power and strength, and the three pocket pivot price/volume signatures following that build on that power and strength. Finisar Corp. is a vertically integrated concern that is the largest fiberoptic communications components company in the world. The chart below also shows earnings and revenue data for the company, courtesy of HighGrowthStock Investor (www.highgrowthstock.com), and it is clear that the company's fundamentals with respect to earnings and sales growth are more than adequate.
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