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Strategies & Market Trends : Charts on Near Term Uotrends

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To: Jibacoa who wrote (1314)11/4/2009 11:05:25 AM
From: Jibacoa   of 1404
 
RDN also started with an UG today. It hasn't closed its previous Aug 4 UG and seems it may now attempt to close its Oct16 DG <g>

The stock is still up 14.02% with volume still below its ADV

bigcharts.marketwatch.com

RDN reported on the black at $2.82 ves loss of $4.91 on the 2ndQ on 58% better revenues and for the full Yr. 2009 the EL is around $2.45 vs, $10.23 in 2008
The stock trades around 0.25xBV and the SI which increased 23% is around 3,4x its ADV.

The stock had a god run when the UM started in July 39 from the $3 level to the $9.94 on Aug 25 and $12.48 in Sep.<g>

The ACTAY is $7.50 and I will place a 'target' at the Oct 5 H of $9.40 (It needs to trade above $8.45 to close its Oct16 DG and to trade above its Sep H of $12.48 to start getting off the DT coming from its Feb 2007 H at $67.35 <g>)

bigcharts.marketwatch.com

Bernard
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