Buy Signal For Radioshack Corp (NYSE: RSH) Says Market Timer Frank Kollar
February 28, 2008 (FinancialWire) (By Frank Kollar)
Shares of Radioshack Corp (NYSE: RSH) rallied this week on a better than expected fourth-quarter earnings report. But that is only part of the story.
More importantly, Radioshack has broken out of an eight month long slump that took prices down 58% from their highs back in August 2007.
While those 2007 highs of $35 a share may not be seen for awhile, Radioshack has a good shot at reaching the $24 level before resistance slows down this rally. No matter how good that potential $24 price sounds, 25% above current levels, be sure to use a trailing stop for this volatile stock.
The Fibtimer.com (http://www.fibtimer.com) Stock Timing Strategy holds a position in Radioshack.
Kollar’s research has shown that the financial markets are in tradable trends approximately 80 percent of the time. FibTimer strategies define trends and trade them in both advancing and declining markets. Caring nothing about what newscasters say or what the latest economic indicator predicts, trends are where the profits are, and that is where FibTimer is.
Kollar is editor and chief analyst at FibTimer.com (http://www.fibtimer.com) which offers market timing strategies for S&P and Nasdaq index fund traders, as well as bond, gold, small cap, sector, ETF and stock trading strategies.
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for informational purposes and is not a solicitation, or an offer to buy or sell
any security. Opinions are based on historical research and data believed reliable,
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