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Junior Trader
![]() Join Date: Apr 2012
Location: lagos
Posts: 3
Favorites: MLAB,RGR,C
Rep Power: 15
Reputation: 10
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Trader
![]() Join Date: Apr 2012
Location: Washington, D.C.
Posts: 87
Favorites: DDD KORS LNKD
Rep Power: 22
Reputation: 107 ![]()
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RGR is indeed a strong growth stock. However, the overall market is in distribution so it is best to manage risk and wait for the market to show signs of accumulation as well as to wait for RGR to base or bounce from its 50-day moving average. Of note RGR (http://antichartjunk.com/2012/03/21/week-12-day-3/) was previously within buying range between 46.78 to 49.12 and therefore currently remains out of buying range.
__________________
“Chartjunk refers to all visual elements in charts and graphs that are not necessary to comprehend the information represented on the graph, or that distract the viewer from this information.“- as defined by Wikipedia and Edward R. Tufte Antichartjunk http://antichartjunk.com https://twitter.com/antichartjunk StockTwits http://stocktwits.com/antichartjunk |
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Junior Trader
![]() Join Date: Apr 2012
Location: lagos
Posts: 3
Favorites: MLAB,RGR,C
Rep Power: 15
Reputation: 10
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Don't u think dt long term buyers cn enter now
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Trader
![]() Join Date: Apr 2012
Location: Washington, D.C.
Posts: 87
Favorites: DDD KORS LNKD
Rep Power: 22
Reputation: 107 ![]()
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S&p showed a mild follow through day yesterday which could be a sign to start buying stocks in general again. Though RGR is still in no mans land which increases the risk. I prefer stock setups with better odds of making money, similar style growth stocks with better looking charts include aapl, hlf, pcln, lulu, tngo, cmg, alxn, possibly cf
__________________
“Chartjunk refers to all visual elements in charts and graphs that are not necessary to comprehend the information represented on the graph, or that distract the viewer from this information.“- as defined by Wikipedia and Edward R. Tufte Antichartjunk http://antichartjunk.com https://twitter.com/antichartjunk StockTwits http://stocktwits.com/antichartjunk |
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