August 20, 2008 | admin | Comments 0

ROYL is Pick of the Day

***NOTE*** We have added a stop under $6.44

This morning we are looking for ROYL ($6.80 at time of this writing) to go higher. It recently bounced off the 200 day and is right under the 50 day.

The MACD is turning positive:

Institutional buying is not in ROYL, but we are looking at ROYL only for a quick trade. It is above resistance though as seen on our PHILS X1 & X2:

Our DAILY chart is looking very good, note the “W” with the right side being higher signalling a possible support level for the morning:

Our 15 MINUTE chart seems to be in a range and we are looking for a breakout to the upside:

The WEEKLY chart is looking like it could be ready for turn in momemtum:

NOTE - The Stochastic is looking very good for ROYL:

Share and Enjoy:

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Filed Under: Featured • Stock Trades • TheSUBWAY Pick of the Day

Tags: ROYL

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