Nasdaq FRPT Thread

[Stock_Analyzer]

Moving up today to 3.20 pre market on news

Force Protection awarded $91.5M deal to supply MRAPs for UK
Thursday May 1, 5:43 pm ET
Force Protection awarded $91.5 million contract to supply MRAPS for British government

WASHINGTON (AP) -- Force Protection Inc. was awarded a $91.5 million Navy contract boost to supply 151 Mine Resistant Ambush Protected vehicles, or MRAPs, for the British government, the Defense Department said late Thursday.

MRAPS are designed to minimize damage and injuries from improvised explosive devices and roadside bombs.

Shares of Force Protection, based in Ladson, S.C., rose a penny to $3 Thursday.

[Stock_Analyzer]

FRPT: Summary for FORCE PROTECTION INC - Yahoo! Finance

[Stock_Analyzer]

Closed a gap today to 4.00 range, watch for possible up move tomorrow IMO if the market goes green

Originally Posted by Stock_Analyzer

FRPT: Summary for FORCE PROTECTION INC - Yahoo! Finance

[Stock_Analyzer]

Watching for a possible move to 4.20 4.25 again here

[Stock_Analyzer]

A late in the day rally here makes me think we could test 4.00 range again soon, but make sure we hold 3.74 support

Originally Posted by Stock_Analyzer

FRPT: Summary for FORCE PROTECTION INC - Yahoo! Finance

[Naamplao]

I have a little different take on this stock.

Here is my SharpChart

FRPT - SharpCharts from StockCharts.com

Note that the Bollinger bands are starting to tighten but they are still days away from being indication of a major movement. The stock is in a sideways movement since its last jump.

The accum/Dist shows that there is no direction of accumulation or selloff...the TRIX is showing signs of negative reversal, crossing its 20 day MA. The RSI is in decline as well.

I see the stock drifting slightly negative for a while, from this chart.

Here is the P&F chart



I don't use a $0.15 box very often but this gives me the clearest picture about what is going on.

The resistance line to cross is at $4.35 from a diagonal from the shoulder to the left. The main support is at $3.45 whether we drift to this point remains to be seen.

Here is the 5 day Yahoo.com line chart



You can see some shorter term resistance ($4.05) /support lines ($3.90) here
with the support level being very weak and easily broken...$4.05 as resistance is a bit more substantive..but not a major line IMHO.

My view is this stock will wander slightly negative for several days...perhaps reaching $3.45 though that is not certain.

When the SharpChart BB's tighten up this will be the time to really watch for a direction indication....that is when the jump will come.....up or down??? Don't know yet.

[Stock_Analyzer]

up .40 cents today, looking strong here gang.

Originally Posted by Stock_Analyzer

A late in the day rally here makes me think we could test 4.00 range again soon, but make sure we hold 3.74 support

[Naamplao]

Yes, a nice recovery from a tailspin but a one day up-tick is far from a trend reversal.

FRPT - SharpCharts from StockCharts.com

Not much has changed since my last post .... this is not a reversal of trend unless the share price passes $4.05...followed by a second resistance at $4.35

A lot of tough sledding yet to go. Support is at $3.30

[Stock_Analyzer]

4.27 close, not too bad. Next resistance around 4.40 and 4.60

[Naamplao]

Things have changed significantly so I thought I would update my thoughts.

Here is the sharpchart

FRPT - SharpCharts from StockCharts.com

The first striking change since May 28 is that the stock price has recovered from its tailspin and is moving sideways. The most striking change is the shape of the Bollinger Bands. They are long and straight like a pipe!!!! They are not particularly close together but a check on 1.5 years of data this is as tight as this share price seems to get. There is movement coming....but how low till the share price moves and which direction it will take is not clear.

The RSI has remained the same at 50-55%...slightly negative but not seriously so. The Accum/Dist is now positive (a good sign) and the TRIX is unchanged at slightly negative.

Here is the P&F chart



The resistance to pass...which is very strong is $4.35...that is clearly visible in this chart, if you pass that then the next resistance is at $4.95 The support is at $3.60.

Here is the Yahoo.com 5 day linechart



This chart shows minor resistance at $4.10 and support at $4.00 but these levels are very minor. It looks like the share price ended the day on an up-tick but not necessarily one that is lasting.

Prediction....there is movement coming and so far the position within the BB's of the Sharpchart is favourable being on the + side of the 20dayMA. Perhaps the stock will break up/down in the next week or so. If it exceeds the resistance line it will be solid and auger well for the long term....if it breaks the support this will be bad. It will take vigilance to determine the direction...it is not clear at this point. The near future will see more sideways movement IMHO.

[Stock_Analyzer]

Possible bottom forming at 3.10 range here, if we hold we could see 3.80

[Stock_Analyzer]

A break of 3.50 here tomorrow could get FRPT back on track and rolling near 4.00

Originally Posted by Stock_Analyzer

Possible bottom forming at 3.10 range here, if we hold we could see 3.80