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Friday, July 12, 2013

Unexpected Price Movement Found - (NYSE: RLD)

NYSE (NYSE: RLD): fell by 16.73% or $-2.26/share to $11.25. In the past year, the shares have traded as low as $8.57 and as high as $16.05. On average, 321129 shares of RLD exchange hands on a given day and today's volume is recorded at 67682. The shares are currently trading below the 200-day moving average which indicates that the shares have been suffering from downward momentum lately. The stock may bounce higher to test the 200-day moving average, so look for a move up to the $13.16 area where the stock may encounter resistance.