at 11:30 a.m. yesterday, "THE STREET" had this article written by Robert Pedone. Notice he didn't mention any of the insider buying.
Rayonier Advanced Materials
An under-$10 basic materials player that's starting to spike within range of triggering a major breakout trade is Rayonier Advanced Materials (RYAM), which manufactures and sells cellulose specialty products in the U.S., China, Japan, Canada, Europe, Latin America and other Asian countries. This stock has been destroyed by the bears over the last three months, with shares down big by 58.2%.
If you look at the chart for Rayonier Advanced Materials, you'll see that this stock recently gapped down huge from around $13 a share to its new all-time low at $6 a share with massive downside volume. This huge move to the downside has now pushed shares of Rayonier Advanced Materials into oversold territory, since its current relative strength index reading is 27.3. Oversold can always get more oversold, but it's also an area where a stock can experience a powerful bounce higher from. This stock has started to bounce some off that $6 low and it's now starting to trend within range of triggering a major breakout trade.
Market players should now look for long-biased trades in Rayonier Advanced Materials if it manages to break out above some key near-term overhead resistance levels at $7.28 to $7.78 a share and then above more resistance at $7.85 a share with high volume. Look for a sustained move or close above those levels with volume that hits near or above its three-month average action of 1 million shares. If that breakout develops soon, then this stock will set up to re-fill some of its previous gap-down-day zone that started at $13 a share.
Traders can look to buy Rayonier Advanced Materials off weakness to anticipate that breakout and simply use a stop that sits right around some key near-term support levels at $6.15 to its new all-time low of $6 a share. One
And the nasdaq rocketed up another 2.45% after jumping 4.5% yesterday. Why did this sell off today?
This is totally baffling.
Why no buying with all the insider buys?
That is only about $96,000. That is only 3% of his salary for the entire year did he buy the company stock.
how can we get Seeking Alpha or some analyst to write about this or it appear in YAHOO FINANCE? No one knows about it but a small handful of 3-5 people who read these emails.
That means it will go up if people see this tomorrow or FRIDAY!!!!!!
If you go to YAHOO finance's insider trading, it doesn't show the 24th purchases....WHY?
Why did she buy only $35,000 worth when in February she bought $67,400 worth?
Feb 5, 2015 PALUMBO LISA M Director 4,000 Direct Purchase at $16.85 per share. 67,400