Robinsons Retail Breaksout! | Marvin Germo

Robinsons Retail Breaksout!

By: Marvin Germo | December 13, 2014

After 5 months, RRHI breaks out of 73.15!  A breakout is a principle in technical analysis where there is a sudden surge of buyers than brings prices to greater heights.

If the stock stays and holds above this highest high, over the short term it could go to as high as 76.  Over the longer term the breakout can go to as high as 86.

However if it fails to stay above 73.15, the stock could drop to 71.88 and to as low as 70.65.

I hope this post gives you a greater conviction in your trades as you earn more and more in the stock market!  It’s time to be stock smart!

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