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...
RUBI has broken the long term resistance with a strong impulse and a huge volume. If the level posted on chart holds i'm expecting one more wave up.
RUBI had a big drop with earning release & after that it was holding below EMA lines. Recently it jumped bak from lower BB line & crossed above EMA line. Money-flow is showing some strength as well. We think it will go up from here & it may adjust to SMA 50 shortly You can check our detailed analysis on in the trading room/ Executive summery link...