Strictly Buy and Sell Set Ups Message Board

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Strategies & Market Trends : Strictly Buy and Sell Set Ups

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From: chowder	12/3/2006 5:40:27 PM
	Read Replies (2) of 13449

RDC is showing some very good technical indicators suggesting a buy set up. First, note the accumulation/distribution indicator. This stock is clearly under accumulation. The indicator is higher now than it was when price was setting a 52 week high back in April. This is very bullish. Next, note the recent volume bars. We are seeing above average buying volume off the recent pull back. Price is now looking like it wants to break out above the 40 week (200 day) moving average. If this occurs, it should bring in additional buying. Note the money flow indicator. The positive money flows are confirming that the selling is over. This is a very nice technical pattern for those with an intermediate to longer term outlook. Entry above $36.88. Profit target $3.00 to $10.00. Initial stop loss $33.25. dabum

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