FOSL – Maybe Just too Much Competition

After a good earnings report the stock flamed out.  Concern about the demographic that buys these products, as well as coming introductions of hot watches from AAPL and Samsung are pressuring these shares.

After a double top at 140 and then crashing in May of  2012,  FOSL has struggled to regain its monster run.  Now a head and shoulders topping formation leads us to believe we are looking at lower prices.

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