It was a relatively quiet year in the IPO space and ’17 promises to get off to a fast start with the anticipated debuts of Snapchat and AirBnb. Recent spinoff FTV has behaved well and trades in a very liquid fashion. It is among the semiconductor arena and that is an attractive space. Below we look at a past and present look of the name. It remains in buy range and immediately below this paragraph it how the name was presented in our Friday 1/6 Game Plan.

Stocks that can be bought as they pullback into their 50 day SMAs after recent breakouts are FTV. FTV is a recent tech IPO higher by 25% since inception last summer. It has produced just one earnings reaction and it was decent with a 5.7% jump on 10/28 completing a bullish morning star pattern. The stock is lower 4 of the last 5 weeks yet is just 4% off recent 52 week highs and just digesting a 14% combined gain during a 5 week winning streak ending between 10/28-11/25/15. FTV has displayed decent action POST breakout from 52.09 double bottom trigger on 11/8. It is pulling back toward upward sloping 50 day SMA after bearish evening star pattern completed 11/28. Enter at 53.40.

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