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JimVanMeerten (62.60)

Fossil is no dinosaur

Recs

1

June 21, 2011 – Comments (0) | RELATED TICKERS: FOSL

Barchart technical indicators:

1 - 100% Barchart technical buy signals

2 - Trend Spotter buy signal

3 - Above it's 20, 50 and 100 day moving averages

4 - 11 new highs and up 10.03% in the last month

5 - Relative Strength Index 71.14% and climbing

6 - Trades around 113.42 with a 50 day moving average of 100.41

Summary:  Watches are still in but as fashion jewelry not as time pieces and Fossil (FOSL) fills that niche nicely,  Higher per watch prices through partnerships and increased consumer buying in Asia make the double digit growth of both sales and earnings possible. Investors should see an 8%  - 9% annual total return over the next 5 years.

Jim Van Meerten is a Marketocracy Master

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