Reeds Inc. (REED)

[DarkLady]

I sold most of my position, took profits. I think the stock is slightly overvalued above 8. They need additional profits to propel the price higher. I am sure it will come. I may be back in. I have it on my radar. I saw more profitable possibilities.

If you want my technical analysis. I trade weekly, not daily. The weekly have started to roll over. The Worden Brothers propietary indicators are still strong. It was OK to exit, cheap to get out of and back into. Chalkin is failing, the Trix and PPO are turning, Tne MACD and ADX are about to turn.