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Strategies & Market Trends : Alpha Stock Pick Charts

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To: Alastair McIntosh who wrote (33)2/21/1998 3:40:00 PM
From: Trader X  Read Replies (1) of 70
 
re RYC: breakout: possibly?

while I like the high volume on this rise, the turnaround seems too quick...no base for further upside has been established. I think you're right that it should pull back now, and I expect to about 38.

chart2.bigcharts.com:80/chart?time=9&freq=2&uf=32&lf=1&type=4&style=3&size=3&maval=10&state=0&compidx=aaaaa&symb=ryc&ma=3&comp=&trans=0&r=chart&sid=4047&sec=c&xyz=4980656&s=5986

This one will interesting to watch, that's for sure. I think it may move sideways for a while after the pullback to 38.

BTW, what was the news that propelled the stock up so quickly?

-kh
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