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Microcap & Penny Stocks : Rentech(RTK) - gas-to-liquids and cleaner fuel
RTK 0.200+5.3%Oct 13 5:00 PM EST

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To: Andrew H who wrote (6595)8/4/1998 8:53:00 PM
From: Bill Fischofer   of 14347
 
Re: How low

Whenever a stock breaks its 50 DMA, the 200 DMA usually provides the next test. When the 200 DMA is broken (as RNTK did a couple of weeks back) I usually look to the 200 week moving average. RNTK's 200 WMA currently sits at 7/8.

A test of the 200 WMA would not be unusual given that RNTK's 50 DMA is about to cross below its 200 DMA within the next couple of days. This last happened in May 1997 and is generally considered a sign of technical weakness.
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