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RadioShack AO Message Board

  • indy_short indy_short May 21, 2007 12:21 PM Flag

    Whilst I'm Bored ... here's a technical take

    If you are a technical trader.... RSH sure looks good...
    Very bullish technicals.... but I still think fundamentals rule in this case.... but from a tech analysis.... wow... its all positive.

    Moving Average Convergence/Divergence (MACD) indicates a Bullish Trend.

    Chart pattern indicates a Strong Upward Trend.

    Relative Strength is Bullish.

    Up/Down volume pattern indicates that the stock is under Accumulation.

    The 50 day Moving Average is rising which is Bullish.

    The 200 day Moving Average is rising which is Bullish.

    Support at 30.90 now.

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    • All these technical analyses always seem to cook down to almost nothing but an assumption of momentum. In todays example, yep, all the indicators read "bull" because.... shock - the stock has been going steadily upward.

      If it turns around and heads down, the indicators will reverse. The further and faster it goes down, the more the indicators will go "bear".

      • 1 Reply to stonewalk428
      • If this thing would go back to $31 now, we'd have a nice head and shoulder pattern....

        disclosure.... I jumped back in short @ $32....

        No more free ideas on how to save the Shack....

        I guess Day is just going to have to depend on the High Definition radio ads that he seems to run here all day....stupid, stupid, stupid....

        Not only is everyone else in that low margin game... the Shack can't install in cars... I don't think, unless they sub it to CC ....lmao.

    • Tech does have its' place in investing, no doubt. However, IMHO - along with that of Warren B. - fundamentals always have the "last word" in any Company's PPS......... I am one of many suffering Shorts on this Board...... fortunately, I only recently shorted RSH so haven't spilt much blood yet.... I am comfortable with the fundamentals indicating a lower price for RSH, ergo will Short more shares if price goes higher.......... my one concern is a buyout, but I agree with many on this board that no buyer is likely - especially at RSH's current price....... another downgrade would likely let some air out of RSH's inflated price.

    • You are probably correct, but as you say, fundamentals will win out by 2008.

      Right now all the momentum players are piling in, they can decide to sell with the same herd mentality as they are now buying, then the fun will begin.