Fair Isaac Corporation (FICO) – [ Technical Outlook, What To Look Out For]

Fico (NYSE: FICO) is a leading analytics software company, helping businesses in 90+ countries make better decisions that drive higher levels of growth, profitability and customer satisfaction.

FICO's groundbreaking use of Big Data and mathematical algorithms to predict consumer behavior has transformed entire industries. The company provides analytics software and tools used across multiple industries to manage risk, fight fraud, build more profitable customer relationships, optimize operations and meet strict government regulations. Many of our products reach industry-wide adoption - such as the FICO® Score, the standard measure of consumer credit risk in the United States. FICO solutions leverage open-source standards and cloud computing to maximize flexibility, speed deployment and reduce costs. The company also helps millions of people manage their personal credit health.

It is like an octopus with tentacles wrapped around the lending/credit market in US.

Its recent CORRECTION has caught our attention and it might be about time to take a look at it.

Technical Outlook

Chart source: Poems2.0

FICO has corrected 25% since its high and it is currently at a horizontal support of around $404. If it manages to stay above that and break that short term downtrend line we might see some rebound coming in. A nice rebound could see it move up to $430 and even $473. This will probably take some time and using poems CFD is a more preferable way to trade it. An investor might also consider picking up some at this $404 level and slowly scale in if it drops further with two more supports being around $381 then $372.

Keeping a look out for FICO!

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