Fabrinet stock closes 3.85% lower, below all three daily EMAs
Photo: The Cryptonomist
Fabrinet stock has a bearish daily setup, with price below all three exponential averages and momentum readings below neutral. Earnings reports published after Monday’s session provide a positive counterpoint, but the completed chart does not yet support a bullish case. Key takeaways Fabrinet stock closed Monday at $314.7 , a decline of 3.85%, below all three daily EMAs. Daily RSI14 is 34.09, below the neutral 50 but above the oversold 30 threshold. Daily MACD line is -27.44 with a negative histogram of -4.4, below its signal line.
Source: The Cryptonomist
