By Tim - http://stockstobuy.orgThe following is technical analysis on Flotek Industries Inc. (FTK) - November 7, 2011
Flotek Industries Inc. (FTK) Support & Resistance Levels - 11/7/11
Resistance Levels: $8.37, $9.50, $10
Support Levels: $8, $7.44
Chart - http://www.stockcharts.com
Flotek Industries Inc. (FTK) stock is breaking out above $8 today which is very bullish. FTK is now back above all three major moving averages. As the price of oil continues to rise, Flotek Industries Inc. (FTK) should rise with it. As long as FTK remains above the 200 day moving average located at $7.44, I like the stock. Resistance today will be $8.37.
Flotek Industries Inc. (FTK) Support & Resistance Levels - 11/7/11
Resistance Levels: $8.37, $9.50, $10
Support Levels: $8, $7.44
Chart - http://www.stockcharts.com
Flotek Industries Inc. (FTK) stock is breaking out above $8 today which is very bullish. FTK is now back above all three major moving averages. As the price of oil continues to rise, Flotek Industries Inc. (FTK) should rise with it. As long as FTK remains above the 200 day moving average located at $7.44, I like the stock. Resistance today will be $8.37.
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