BEST STOCKS TO BUY TODAY: ROIC @06/16/2023
| Ticker | ROIC, #TICKER_NAME_LINK# | Note |
| Last Price | 13.59 | |
| Buy | 13.59 | Limit Order This is generated by our mechanical trading system. Please read the chart section for more detailed and flexible entry options. |
| Target | 14.95 | Default at 10%, Or Sell when close below ma5(short term)/10(midterm)/20(long term) or when big down day or when formed inverted hammer at a resistance level |
| Stop | 13.1 | |
| Reward/Risk | 2.79 : 1 |
Above is the summary of one of our Best Stocks To buy.
More Technical Status
| ATR | 0.34 | |
| Beta | 1.40 | |
| RSI(14) | 63.31 | |
| SMA20 | 6.18% | Distance to SMA20 |
| SMA50 | 5.62% | Distance to SMA50 |
| Recommendation | 2.50 | Analysts’ mean recommendation (1=Buy 5=Sell) |
Our system generated several buy signals today. ROIC is one of them. Let’s take a look at this stock’s chart (The first chart below is a live chart).
ROIC had a great run in the past a few weeks, especially two weeks ago, 4 day straight up. That is very impressive. In the past week, it had a nice consolidation. Today it reversed back up again with significant volume increase. Very important, price will not be able to move if there is no volume. So this volume indicates that very likely, ROIC can go all the way up to $14 level. It is not a huge gain from current price point, but based on momentum it had a few weeks ago, the second leg pushup could be very strong too.
