Business analytics company Fair Isaac (FICO) has repeatedly tried to break out over the $95+ level but it has been rejected each time since April.
I can count at least five times since April where FICO has rallied up to the $95+ level but failed to overcome it. The 50-day and 200-day moving averages are still pointed up, but the Moving Average Convergence Divergence (MACD) oscillator and our momentum study are neutral to bearish. A break below $88 could give the bears the upper hand on FICO.
When I look at this weekly chart, above, of FICO I see a possible triple top. The On-Balance-Volume (OBV) line is flat and the momentum picture is weakening.