RNWK shares plunged more than 15%
Chart courtesy of stockchartsShares of RNWK plunged more than 15% today closing at 8.97$ following a disappointing outlook from the digital media company that prompted downgrades from at least three analysts. The provider of online music and games issued a full-year revenue forecast that was below analysts’ expectations. Looking at the chart, stock is now in bad situation trading below 50 dma and 200 dma, however in the short term it can recover some of the loses, but I'm very cautions.
Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.
That's all. Have a nice evening !!!!
AC
Labels: RNWK
