Stock Trade of Day – FalconStor Software (FALC) Cup With Handle Breakout

Today’s trade of the day features another cup with handle base.  Falconstor (FALC) is a company with not only a great looking stock chart but with great fundamentals making it a potentially good longer term play.  The stock first broke out on September 18th with very heavy volume and on that day offered the first entry point.  The very next day the stock cleared multi year highs above 12.28 and is now digesting those gains with light selling volume.  I don’t expect this stock to stay down for long.

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