FICO has formed a textbook double bottom, signaling a bullish reversal. The stock surged ~18% from the pattern’s low (~$1,600) to the breakout above the neckline (~$1,910). Simple TA suggests a total move of ~36% from the bottom, targeting ~$2,300. With the breakout confirmed and FICO halfway through the post-breakout move (~9% gained, ~9% remaining), there’s still meaningful upside. Volume confirmation and strong fundamentals support the move, along with earnings.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.