Today, 7/22, it looks as if a test of the 50 Day MA might be in the cards. That being said, we did some buying yesterday, based on this risk/reward scenario, and are optimistic about locking in some profits.
This is part of the Stealthy Trader methodology..Analysis & Action
From Premium Room(7/21 10:30 AM): Hey All, so as you can see in the chart below(if not, click on it to expand), the essential Small Cap Index, IWM, is trying to find it's footing above the key 200 Day MA @ 113.35.
This is the bottom line right now.
On an individual stock basis, ROYL is holding nicely although it looks like another day where either buying or selling of this one might come in spurts..
So, be ready should new Alerts be generated.
That's all for now....