MicroFinancial: A Chart View

By L.A. Little of tatoday.com, author of Trade Like the Little Guy

MicroFinancial(MFI) is a specialized commercial finance company providing equipment leasing and other financing services mostly for smaller items like water coolers, security equipment, point-of-sale authorization systems, automotive repair equipment, restaurant equipment and other business equipment. Their fundamentals appear average but their charts look tradable.

It is always important to look at the three time frames when considering a trade. The long-term trend tells you what the larger parameters are as well as the trend. You would prefer to trade in the direction of the long-term trend. The intermediate term is typically what you try to trade (weeks to maybe a few months) although in this market that has been very hard to do.