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Strategies & Market Trends : Ask Vendit Off-Topic Questions

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To: Jill who wrote (7461)4/6/2005 5:58:22 PM
From: Walkingshadow  Read Replies (1) of 8752
 
I wouldn't suggest a long position in RSTG at this time. It is overextended, extremely overbought, and due for a pullback to support as traders take profits.

Instead, I would look for a long entry at moving average or trendline support (chart support has been left in the dust since this is blue sky territory). I would also require the stock t be relatively oversold.

T
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