Tuesday, March 27, 2012

RENN Trade Idea Update

I featured RENN earlier today as a long trade RENN was trading slightly negative when featured, around -1% to -.50%, it has now made a nice move here in the afternoon of +5.44% on the day.

I'd really like to see RENN move above $6.00. The price pattern implied target would be approximately $8.50

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