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Monday, October 23, 2006 

Stock to watch for a possible breakout RUTH

Chart courtesy of stockcharts

AAPL is now approaching of the historical highs after broken today the $80 important level.

Chart courtesy of stockcharts

Shares of Ruth's Chris Steak House could be prepare to breakout a reverse H/S according to the technical chart, so keep this stock in your watchlist. Now with MACD above 0 and stock back above 50 day moving average the stock should be expected to move up and breakout the white line.

That's All. Have a nice evening !!!

AC

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  • I'm a 48 year old Independent Trader using proprietary technical analysis with more than 20 years experience of investing in the US stock markets. I started this blog in 2006 simply as a way to share my thoughts about capital, risk management, and trading. My blog contains only my personal opinion and is provided for informational purposes only.

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