Swing Trade Ideas for RWLK

17 ביוני 2016

Rewalk Robotics was mentioned recently for the employment of their technology with a paralyzed patient, granting him the ability to walk again with the assistance of their exoskeleton product ( news8000.com/news/paralyzed-man-walks-with-device-thats-first-of-its-kind-in-state/39978500 ). Volume has been light these past few months, but most of the stock's volume has taken place towards the higher end of the 52-week high range. RSI has crossed the over-sold limit (now at 30.74), TTM Squeeze is approaching the Mid-line, and CM_Williams Vix has a decreasing slope hinting towards a bottom. All good signs of a change in momentum or a change in the slope of the stock's price level. Three possible price targets are located at $7.90, $8.60, and $9.25 given the existing resistance lines. The CM_Williams Vix indicator may serve to be the best indication of whether or not each of these price targets is a short-term top. If the histogram plots continually shorter gray bars, the shortest one will be the closest to a short-term top, signaling a decay in momentum.

The Above represents my ideas and opinions alone and is not trading tips, advice or picks.