Channibal
Long

RENN - Long - Swing

NYSE:RENN   RENREN INC
+ Broke out w/ extremely high vol             .
+ Prices were on sideway, narrow range bound movement for weeks prior to break-out
+ Significant dip in vol             . the day prior to break-out
- Multiple failed break-out in the past few months, even with high volume support
- Low $2 price is just about the lowest I would go for my personal strategies
: First target at 2.57 level
: Second target at 2.88
Trade active: Entered Long
Comment: Moved Stop to break-even
Trade closed: stop reached: Stop out today at break even
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