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$RSHO | ($RSHO) Investment Analysis (RSHO)

By Thomas Kee
From Stock Traders Daily

$RSHO | ($RSHO) Investment Analysis (RSHO)

The technical summary data tells us to buy RSHO near 35.97 with an upside target of 38. This data also tells us to set a stop loss @ 35.87 to protect against excessive loss in case the stock begins to move against the trade. 35.97 is the first level of support below 37.97 , and by rule, any test of support is a buy signal. In this case, support 35.97 would be being tested, so a buy signal would exist.

The technical summary data is suggesting a short of RSHO as it gets near 38 with a downside target of 35.97. We should have a stop loss in place at 38.11though. 38 is the first level of resistance above 37.97, and by rule, any test of resistance is a short signal. In this case, if resistance 38 is being tested, so a short signal would exist.

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