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RMTI
Guys,
My Dad wanted to get an opinion on this stock. If one of you fundamental junkies could give some feedback on the CANSLIM aspects that would be great, imma run through my standard acc/distr, chart, 50 MA analysis right now:
- The stock had a nice run up on ALOT of accumultion. The one aspect I do not like is the fact that is avg daily volume is 41,100. This makes the stock an easy target and really makes it hard to read acc/distr accurately.
- I think the sell off from what looks to be its top could be seen from its large gap from the 50 MA. Look at how tight the stock has stayed with the 50-day over the last year, then it pushes a 1 point spread? Not gonna work. The 50-day is gonna have to run with it (it is no getting close again).
- One thing I do like, basically no short interest as of OCT 11th. I dunno what the news was on the stock to drive it up, but there isnt much weighing it down. If you look at weekly I can see the pattern which would slap a $4.50ish breakout price if I am correct so it technically already broke out.
Regards,
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Blain Reinkensmeyer
Elite staff member, stocktradingtogo.com
Community manager, covestor.com.
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