RGCO trade ideas
RGCO, Low beta, LongGreat opportunity here . With the current market uncertainty I am trying to better position to accommodate market downturn . Low beta undervalued stocks are one of the ways I will be doing this.
-Low beta , less volatility.
-Profitable company ,
-At a nice support bounce area
-Nice margins
-Insiders buying recently abouve current price
-RSI 26.67, oversold
-Monthly dividend
-Low float,low avg volume and even though the short float is only 1.12 the short ratio is 5.76. A little volume should push this up
quite nicely .
My game plan here is to recover my cost at target price and hold remainder indefinitely.
Good luck ~
RGCO about to break out of descending triangle bullishlyHello Traders!
The bearish triangle of RGCO is about to reach its end and we can expect the price to break out bullishly in the short term, as it did in the past. The MACD is about to cross over the 9 EMA and the RSI is far away from overbought. I expect the price to rise to and be rejected by the 50 SMA at around 24, which is the goal. The buy signal is the price to break out of the triangle bullishly, which is very likely, especially since the earnings are about to be announced.
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Please, maintain proper position sizing and risk management!
