Shares of embattled FE (First Energy) soared a month ago on news of a $2.5B equity investment by activist Paul Singer’s Elliot Management. Is this turnaround after nine years of relentlessly grinding lower the real deal? No need to guess as we can use our Hidden Pivot techniques to identify underlying strength of any financial instrument long before it’s clear to the rest of the masses. One such tool in our bag of technical tricks is we are sensitized to turnarounds at P2 — and so far so good for FE. A move to $37.05 (as shown on chart) would create a subtle but powerful impulse leg. Keep an eye on this one in the chat room for early signals in lesser time frames (this one also happens to pay a 4.36% dividend!) [Tout prepared by David Isham]