Saturday, October 20, 2007

RMBS Analysis for 10.20.2007


Monthly chart shows stock has been in a huge consolidation range since the bottom in 2002.

Weekly chart shows a smaller consolidation range and a double top into $21.61 high.

Daily chart also shows a small double top with sellers out in full force on Friday, tapping down the price at the open and closing on its lows for the day. Look for continued weakness in the week ahead.

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