Posted On: 02/18/2014 6:51:58 PM
Post# of 2561
RGDX Daily Chart ~ Entered a New Rising Channel
After a brief pullback during the big board weakness of late Jan/early Feb, RDGX has recovered from the 1.23 intraday dip to as high as 1.50. The stock has entered a new rising channel which one could use for swing trading although the range has been rather tight. Today's close was the highest close in approx 3 weeks. For the short term outlook, a close over the recent 1.50 intraday high would suggest a possible test of the MA100, currently at 1.60, and the MA200 at 1.68. Should that occur, we'll talk begin talking about the gap in the 1.90s to 2.04 level. GLTA
After a brief pullback during the big board weakness of late Jan/early Feb, RDGX has recovered from the 1.23 intraday dip to as high as 1.50. The stock has entered a new rising channel which one could use for swing trading although the range has been rather tight. Today's close was the highest close in approx 3 weeks. For the short term outlook, a close over the recent 1.50 intraday high would suggest a possible test of the MA100, currently at 1.60, and the MA200 at 1.68. Should that occur, we'll talk begin talking about the gap in the 1.90s to 2.04 level. GLTA
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