Today FARO boinks its NFTRH+ target of 60 (59.96) and so I am letting it go for a gain of around 10%. I love the company, but valuation is an issue and also its original intent was to be part of a long/short pair with HURC (a lesser light in the precision manufacturing space in my opinion), which dropped before hitting my preferred shorting point. So I went FARO alone and now it is time to take the profit.
Here is the original NFTRH+ chart. Obviously, MACD should be green now and resistance around 55 is now support. It is still not over bought, but I have enough bull stocks and funds as I rotate into some things and out of others.
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