Stock in Focus: First Gen Corp. (FGEN)

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First Gen Corporation (stock symbol: FGEN) traded with ultra-high volume last Thursday but the candle that day was pretty much unchanged. Volume was above-average on Friday but price, again, barely budged. We’ll see if price can get to 14, an area where a down-sloping trendline and minor resistance point converge.

The Relative Strength Index (RSI) indicator is threatening to move through 50 if price advances further in the coming days.

(Click here to view the original image)

FGEN Daily chart, December 20

FGEN Daily chart, December 20

 

 

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