$RINC | ($RINC) Pivots Trading Plans and Risk Controls (RINC)

By Thomas Kee

$RINC | ($RINC) Pivots Trading Plans and Risk Controls (RINC)

The technical summary data tells us to buy RINC near 23.51 with an upside target of 24.84. This data also tells us to set a stop loss @ 23.44 to protect against excessive loss in case the stock begins to move against the trade. 23.51 is the first level of support below 24.032 , and by rule, any test of support is a buy signal. In this case, support 23.51 is being tested, a buy signal would exist.

The technical summary data is suggesting a short of RINC as it gets near 24.84 with a downside target of 23.51. We should have a stop loss in place at 24.91though. 24.84 is the first level of resistance above 24.032, and by rule, any test of resistance is a short signal. In this case, if resistance 24.84 is being tested, a short signal would exist.

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