THE RUBICON PROJECT - NYSE: $RUBI Constructive Consolidation
After breaking-out a week ago on Large volume, shares of THE RUBICON PROJECT - NYSE:RUBI find themselves consolidating in a constructive and orderly manner as is evidenced on the Daily chart above.
With the stock trading above all of its important moving averages 20/50/200 DMA's, RUBI remains in fine technical shape, while the stock digests its recent thrust into higher ground.
Furthermore, when one extends out to the Weekly and Monthly durations, we can also observe that RUBI resides in a healthy technical posture across multiple time-frames, which is another positive for the stock.
Moving forward, both investors/traders may want to continue to monitor the action closely for if RUBI is capable of going topside of the $10.40 level at any time in the days/weeks ahead, such development may just ignite a run into the $12 level as and initial objective with the potential of a move into the $14 - $16 zone as a secondary objective down the road.
Nevertheless, both investors/traders may want to put RUBI front-and-center on their radars seeking further clues/evidence that things may be heating-up, again.
With the stock trading above all of its important moving averages 20/50/200 DMA's, RUBI remains in fine technical shape, while the stock digests its recent thrust into higher ground.
Furthermore, when one extends out to the Weekly and Monthly durations, we can also observe that RUBI resides in a healthy technical posture across multiple time-frames, which is another positive for the stock.
Moving forward, both investors/traders may want to continue to monitor the action closely for if RUBI is capable of going topside of the $10.40 level at any time in the days/weeks ahead, such development may just ignite a run into the $12 level as and initial objective with the potential of a move into the $14 - $16 zone as a secondary objective down the road.
Nevertheless, both investors/traders may want to put RUBI front-and-center on their radars seeking further clues/evidence that things may be heating-up, again.
Trade active:
$RUBI on the door to new 52 week highs.
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We are not financial advisors. Always conduct your own research and read our full disclaimer at insiderfinancial.com/disclaimer/