RINO INT'L CORP
(RINO-Nasdaq):
Technical Viewpoint: From a low
of $12.75 on Sep 17, 2009 prices
rallied, reaching a
high of $27.30
on Oct 14, 2009. A
decline saw prices pull back, reaching a
low of
$18.63 on Oct 30, 2009.
Another rally saw prices penetrate
resistance, closing 11/22/09
at $32.35. Technicals: MACD Index (MACD): A Buy Alert!
was given on Nov 13, 2009 when the solid line crossed the dotted line to the upside.
Support: Remains at $28.31. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Nov 25, 2009. A P&F upside
reversal takes place at $30.00. Summary: Technical indicators have turned bullish. BUY! Rino Int'l Corp
(RINO-Nasdaq) @ $33.38 Stop: Use a protective stop of $31.38.
Rino Int'l Corp is currently trading @ $32.35 plus $1.21 on Dec 27, 2009. Price Objective:
$45.00. Risk/Reward: $2.00 VS. $16.62. Today's Risk Reward Ratio: 6:1
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