[Entering Position in Rentech (RTK)]
Dear Member:
Rentech (RTK) has established a near term support at $2.20 and has a support on the weekly at $1.95. The stock was up Friday on above average wolume. I like an entry for a relatively small position (about 1/3 my normal position) at a limit of $2.50 for the day. I will set my initial stop at $2.15. The first upside target would be around $3.50.
DISCLOSURE: At the time of publication, I have no position in RTK.
Sincerely,
Bill Kraft
|
