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Monday, June 13, 2011

RUTH

RUTH broke out after a very long base (since November of last year). While it probably doesn't look bad on a long term chart, on a 6 month chart it shows an awful lot of what William O'Neil calls "wide and loose" price action, which normally leads to weak breakouts. Another problem I have with this: if after two years of a ferociously rallying stock market, your 52 week high is barely over 5, there has to be something wrong here.



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