lowtrade

[DV_3D]

RDN- Hey eelfland,

Your post definitely caught my eye.
I have been watching and playing RDN off and on since the middle of March.

So IMHO, I would say at first glance that next strong support is presently 8.95 at the 200MA.
RSI 14 has just breached below 30 into oversold territory, and low's StochRSI 14 is well into oversold territory.

Fundamentally, RDN just recently reported a Q1 loss/share of $3.77 vs $2.69 yr-ago and today had a stock offering of 50M shares at $11/shr, so I'm interested to see how that affects the PPS going forward from here, as well as the overall market right now.
But also today AH, RDN's outlook was raised from negative to positive.

I threw an annotated chart together quickly also pointing out overhead Gaps that could fill on an upside bounce. (Not my best chart, just a quick one)


I will definitely be keeping an eye on this one and I look forward to hearing your thoughts as well.

thanks -D