Radica Games (RADA) Message Board

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Non-Tech : Radica Games (RADA)

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To: Sigmund who wrote (6895)	9/24/1999 1:50:00 PM
From: Todd D. Wiener	Read Replies (2) of 7111

$10 was an important resistance level, and $12 is also. But I agree that lack of major volume indicates a technical rebound from oversold conditions. Based on the 2 previous times RADA did this, this run-up might end around $12-$12.50. Both previous times, RADA briefly pierced the 200-day MA, but within a few days was headed back down to new lows. This time may be different, but we still haven't seen any evidence that RADA is about to show positive growth again. Todd

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