Let's hope it makes it through the next 30 days, when it confronts its yr/ago price level. A month when its closing price ranged from $12.57 - $15.25. Previously, mgmt repurchased stock @ discount prices. Given their $700 mil debt/expansion plans, they no longer have that option..
The rally off of insider trades @ $15.70 in Dec offered shorts better prices to place their bets.
as I've mentioned previously, technicals offer POTENTIAl/PROBABLE guidelines.
RES' recent trading has rendered all technicals meaningless.
Notice how Tuesday's flimsy bullish activity evaporated on WED when the mkt rallied.
theStreet.com one the battle.
UnCanny how today's hi ($14.79), so far, was last year's adjusted close....