

Technical Summary: Beautiful chart from FPH that has reflected the underlying strength and growth in their business. The stock ground its way to consistent new highs on the 5 year chart before enountering its first period of volatility over the backend of 2016. This had bottomed out by the start of 2017 and the stock has since ground its way to new highs. The stock was nice enough to provide numerous buying opportunities for astute investors. During this time the stock also got overextended twice. The most recent of which was in September. From a technical perspective we would like to see the stock consolidate these gains before setting up again to buy. We have drawn this scenario on the chart.