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To: bw who wrote (8608)1/17/1998 1:33:00 PM
From: Thean  Read Replies (2) | Respond to of 95453
 
bw, RTI looks weak short term. Stochastics appears to have topped and poised to head down. It is coming down to approach midline BB. The recent low may be retest depending on the rate it's coming down (thus the expansion of the BB envelop, particularly the lower BB).

What happend 4 trading days ago? The volume peaked and profit taking sets in. Could Friday's action be option related? Why did Boeing canceled their orders? Is RTI a titanium play? How about Titanium prices as of late?

Purely based on TA, I would not touch it. If it comes down and successfully tests some support, with Stochastics about to turnaround at the bottom, then I'll be interested.