Hi I2,
I am very pleased for you on this one.
Interesting how Zack's is reporting an earnings surprise of -9%, yet the stock moved up since the announcement. Obviously, there have been some good PRs out on the company since then, and the projections for next year look pretty good as well. Technically, right here, it is top heavy, and I would personally have no problem selling now, unless this is a longer term hold for you. RBD is at a resistance point right now, and will probably attempt to hit ~29-30 and then sell down on profit taking. After that time, I think it is likely to shake out back toward the 25 3/4-26 1/2 range shortly unless further PRs are announced to sustain this move.
I don't know if you play options, but you might want to consider writing some calls if you'd be comfortable selling around 30, or conversely, happy to pocket the premium and hold if it retraces. :)
You've probably seen this, but I'm including it here FYI anyway. <ggg> Note that TUP is ranked higher than RBD in the industry comparison.
quote.yahoo.com
Best of luck, take care,
V. |
