A New(Exhausting?) HighAfter the November/December high it had looked like a coming correction.
But then the February saw the price bounce back towards a new high,
As the price had not been corrected for 10 months this may bee seen as an exhausting spike.
The market is long and no new players may come in. The spike may have exhausted and a profit taking may set in within the next few weeks.
RBA trade ideas
RBA: $771 Million in Block Trades Suggests a Big MoveRB Global ( NYSE:RBA ) has been largely rangebound this year, but has been on a recent run to the upside.
However... In the past 4 days, about $773 million in RBA closing print block trades arrived.
These 4 prints are of the largest NYSE:RBA block trades of all time.
Does this mark the end of NYSE:RBA 's run, or has a player arrived to take this higher? 🤔
Began Buying Yesterday RBASlow and steady buying this daily. Lil dividend cherry on top.
Like what I see and love Ritchie Bros. I drive by and see a yard full of heavy equipment... a week later empty... more.... empty.... MONEY IS BEING MADE!
little to no debt... RBA is positioned very well in the coming years.
As always good health, wealth, and best wishes to all!
BUY signals for Ritchie Bros AuctioneersIndicators as MACD and Stochastics are showing Buying signals for #RitchieBrosAuctioneers with both indicators crossing lines in the 3h and 1day time frame.
On the fundamental analysis #RBA is showing strong financial numbers, low debt and beating EPS.
This company is in one of the sectors that performs well during economic crisis.
CUP WITH HANDLE AND HIGH VOLUM BUY RBA 44.98$Upslope Capital recently released its Q2 2020 Investor Letter, a copy of which you can download here. The Fund returned 1.2% net of fees for the June quarter, as compared to the 23.9% return of the S&P Midcap 400 ETF and 8.1% return of the HFRX Equity Hedge Index. You should check out Upslope Capital’s top 5 stock picks for investors to buy right now, which could be the biggest winners of the stock market crash.
In the said letter, Upslope Capital highlighted a few stocks and Ritchie Bros Auctioneers Inc (NYSE:RBA) is one of them. Ritchie Bros Auctioneers Inc (NYSE:RBA) operates the world's leading marketplace for heavy equipment. Year-to-date, Ritchie Bros Auctioneers Inc (NYSE:RBA) stock gained 4.4% and on July 21st it had a closing price of $42.69.
NET MARGIN ABOUT 12%
1% CAPITAL
RBA 200 day moving average buy!RBA has had quite a few big swings! recently, RBA has bounced off 200 day MVA and I am trading for a bounce!
My indicator is barely in the green zone which shows that the overall trend is still bullish but barely (haha pun) ....
If RBA bounces from here, could see big profits ahead.