On that note, a nice but fleeting 500% run off the 200 SMA to a near test of 50 SMA resistance in the likes of Foster Wheeler ( FWLT ) may have proved opportunistic for a few bulls, particularly if they winded up using legged short stock as a hedge In the here and now and prices once more significantly lower but a couple levels of Fib support down to the 24 area on the weekly chart, I'm keeping the name posted, as the belief is that in a mad money environment that demands patience and less "Buy, Buy, Buy!" type actions on a daily basis,
FWLT is about as good as it gets Finally, from the Bears Radar, both Texas ( TXN ) and the SP 500 ( SPY ) are being removed
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Foster Wheeler AG (FWLT)