DailyMarkets.com - Trade Ideas For Week Of April 16, 2012 |
| Trade Ideas For Week Of April 16, 2012 Posted: 14 Apr 2012 10:39 AM PDT ( click to enlarge ) Renren Inc (RENN) stock closed right at a key resistance level Friday with a bullish green candle. At this point, the stock is overbought but volume and money flow still building. Nearest resistance for the stock is at $7.45. If this level is crossed and the stock is able to sustain above this level, then it might go to $8. For long trades, stop loss should be placed at around 5.92. Watch the stock closely next week. ( click to enlarge … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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