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Radio One Inc. Message Board

  • tgagrippa tgagrippa Jan 2, 2014 4:11 PM Flag

    Breakout

    I'm not sure what kind of gains qualify for the oft-used stock market term "breakout" but with a second consecutive day of hefty increase and big volume (it was 4x average today according to Yahoo) I'm thinking sumpin's up with ROIAK and I'd call it a breakout. Then again I'm just an English major. Investopedia defines "breakout" thusly. Maybe someone schooled in charts can say whether ROIAK meets the definition:

    Definition of 'Breakout'

    A price movement through an identified level of support or resistance, which is usually followed by heavy volume and increased volatility. Traders will buy the underlying asset when the price breaks above a level of resistance and sell when it breaks below support.

    Sentiment: Hold

 
ROIAK
3.48+0.02(+0.58%)Aug 23 4:00 PMEDT