REN continues

19 Okt 2013

REN continued its reversal from its lows after breaking out of a rounded bottom pattern. This week it quickly went through the $10.00 resistance area, a down gap from April, and confirmed the break through the long term trend line It is now is going to but up against the $11.00 /$11.50 area where it will probably meet more resistance. If it breaks that the next resistance is from two years ago at $13.50. An interesting event occurred on Wednesday around 10.00 when the you could have bought the Dec $10 calls cheaper than the Nov $10 calls, it only lasted a few minutes and I don't think any went through.