1. Rad has traded above its 5,10 and 20 Day Simple Moving Average for the last 8 weeks.
2. The 20 DSMA has held any extreme consolidation for 8 weeks and the trend has remained “up”.
3. The 10 DSMA has held weekly consolidations the last 4 weeks and has trended “up”.
4. The 5 DSMA (currently $3.60) has held daily consolidations 4 weeks and has trended “up”
Technically, the stock just goes up, pulls back a tiny bit and moves up again.
Technicals are only a reflection of Fundamentals and momentum caused by Buying Interest or Selling Interest. Rad is currently driven by good fundamentals and good buying interest, along with some short-covering.
Posters can rant and rave about this bad thing and that bad thing, but the stock trends up and... as they in Advertising.... “A picture is worth a thousand words”....look at the charts.
The 20 Day Simple Moving Average sits at $3.55 today, 13 Friday 2013. I looked up the Point & Figure chart and it projects the next top at $9.50 but there is no time involved. P&F charts only deal with price patterns and trend lines.