FF - FutureFuel Doesn't Have Much More Downside
Although the year to date picture of FutureFuel Corp. (FF) (develops and produces chemicals and biofuels) does not look that encouraging thus far (negative return), we still remain optimistic from a long-term perspective. Despite the steep downturn in the share price since late February, for example, the long-term chart still shows a triangle where both trend lines continue to converge. Ascending triangles usually end up as continuation patterns. Therefore given the sharp rally in the share price from 2009 to 2014, we would project an eventual continuation of this pattern once shares can