FinVinz has the chart of RAX below as an inverted H &
S, and it's almost at horizontal resistance, or the possible
neckline. Pete Najarian mentioned on Fast Money Monday
that it had huge option volume on the 24 strike calls, more
than 5000 yesterday alone, when it ususally has very
few. He also said it has a 30% short interest,
which could help drive it up. Another
one of these tech companies like Hewlett-Packard's buyout 3PAR, in
the cloud computing business.
Recently got above long term horizontal resistance, and exceeded
52 week highs this week. FinVinz had this as an inverted head
and shoulders a few days ago.
Was in an long term inverted head and shoulders pattern
too, clearly broke above the neckline last Friday, could
measure another 8-9 points up if it plays out. Had a
7% move up today on much larger than average volume.
RAX
Posted by curtis on 21st of Sep 2010 at 08:01 am
http://stockcharts.com/h-sc/ui?s=RAX&p=D&yr=0&mn=6&dy=20&id=p48663825302
FinVinz has the chart of RAX below as an inverted H & S, and it's almost at horizontal resistance, or the possible neckline. Pete Najarian mentioned on Fast Money Monday that it had huge option volume on the 24 strike calls, more than 5000 yesterday alone, when it ususally has very few. He also said it has a 30% short interest, which could help drive it up. Another one of these tech companies like Hewlett-Packard's buyout 3PAR, in the cloud computing business.
RAX breaking out to new highs....
Posted by curtis on 24th of Sep 2010 at 12:55 pm
http://stockcharts.com/h-sc/ui?s=RAX&p=D&yr=1&mn=0&dy=0&id=p15461581244
Recently got above long term horizontal resistance, and exceeded 52 week highs this week. FinVinz had this as an inverted head and shoulders a few days ago.
New highs/big move again today for RAX
Posted by curtis on 28th of Sep 2010 at 05:17 pm
http://stockcharts.com/h-sc/ui?s=RAX&p=D&yr=0&mn=10&dy=0&id=p77141400149
Was in an long term inverted head and shoulders pattern too, clearly broke above the neckline last Friday, could measure another 8-9 points up if it plays out. Had a 7% move up today on much larger than average volume.
RAX
Posted by vdonato on 28th of Sep 2010 at 05:26 pm
Was a nice one today, have the OCT 26 calls up very nice today...
got it at 18-19 area..
Posted by admagazu on 21st of Sep 2010 at 09:07 am
got it at 18-19 area.. thanks BPT!
RAX
Posted by vdonato on 21st of Sep 2010 at 09:13 am