Charts Say ForeScout Could March Higher

California based ForeScout Technologies (FSCT) does not have a long trading history to work with but prices are pointed higher. FSCT is a leading "Internet of Things" security company that went public in late October. While we may not have a lot of price history to work with now, we like the patterns so far. (It's also one of the cyber security plays discussed in the latest Mad Money Recap from Jim Cramer.)

In this daily bar chart of FSCT, below, we can see that our two favorite short-term moving averages are just now turning positive -- the 20-day average and the 50-day average. When we have more history to work with we favor the 50-day and the 200-day averages. Prices are above both of the shorter averages. Trading volume looks sparse on this chart but the daily On-Balance-Volume (OBV) line has been rising since the IPO. A rising OBV line tells us that buyers of FSCT have been more aggressive. The trend-following Moving Average Convergence (MACD) oscillator has turned up from above the zero line for a fresh outright go long signal....73 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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