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  • Press Releases From The FibTimer Stock Market Timing Services    

Big Rally for Radioshack Corp (NYSE: RSH) Says Market Timer Frank Kollar

November 10, 2009 (FinancialWire) (By Frank Kollar)

Shares of Radioshack Corp (NYSE: RSH) jumped 14% on Monday, November 9, after the company announced it would soon carry Apple’s iPhone 3G and iPhone 3GS.

The rally puts share prices right at the 50% retracement level ($20.70 reached intra-day) for Radioshack’s entire July 2007 to March 2009 bear market decline.

While the 50% level is one where resistance can be expected, it will likely be surpassed in coming days on momentum alone. That will forecast a run to at least $24.06 a share, the 61.8% retracement level for Radioshack.

If you are late getting into this trade, the $24.06 level is still 21% higher than today’s close. There appears to be room left to profit for Radioshack shareholders.

Kollar is editor and chief analyst at ( 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.

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.

Go to previous Press Releases & Trading Notes.

Note: These Press Releases are short term in nature. They may or may not reflect the same position as current subscriber reports which typically have longer time frames.

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FibTimer reports may not be redistributed without permission. These Trading Notes however may be distributed without permission.

Disclaimer: The financial markets are risky. Investing is risky. Past performance does not guarantee future performance. The foregoing has been prepared solely 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, but there is no guarantee that future results will be profitable.

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