Long RECNNot sure if this is going to do an inverted H&S or form an upright H&S but in either case, this is headed to >$17. Solid beat on earnings despite being hammered since last earnings. Up big AH, expect more before market open.
RECN
RECN- Upward Momentum Long from $14.25 to $15.75RECN looks a very good Long setup. After a huge decline, recently it is showing strong upward momentum. However for a good entry we would like it to pull back a bit.
* Trade Criteria *
Date First Found- April 24, 2017
Pattern/Why- Upward Momentum Trade
Entry Target Criteria- Break of $14.25
Exit Target Criteria- $15.75
Stop Loss Criteria- $13.67
Please check back for Trade updates. (Note: Trade update is little delayed here.)
