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RDKA Stopped Out

With volume drastically tapering off following the early session high-volume breakout, RKDA fell back down below the trendline & exceeded the suggested stop below 2.10 yesterday. Although snapping back today, until & unless RKDA takes out Tuesday's high of 2.48 along with a confirmed rally in the ag sector, the near-term outlook for this stock remains unclear. RKDA will be moved to the Completed Trades category but the stock will remain on my radar for another possible long-side trade, should the charts of both RKDA & related agricultural stocks confirm.

RKDA daily Sept 2nd

RKDA daily Sept 2nd

Sep 2, 2016 12:42pm|Categories: Completed Trades - Long|Tags: |Comments Off on RDKA Stopped Out