RELL Head and Shoulder formationObserved Head and Shoulder forming. To observe if it tanks but RELL is a good stock so could be retracement to one of MA levels.
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About Richardson Electronics, Ltd
Sector
Electronic Technology
Industry
Electronic Production Equipment
CEO
Edward J. Richardson
Website
rell.com
Headquarters
LaFox
Employees
447
Founded
1947
ISIN
US7631651079
Richardson Electronics Ltd. engages in the provision of engineered solutions and distributes electronic components to the electron device marketplace. It operates through the following segments: Power and Microwave Technologies Group (PMT), Canvys, and Healthcare. The PMT segment provides solutions and adds value through design-in support, systems integration, prototype design and manufacturing, testing, logistics, and aftermarket technical service and repair-all through its existing global infrastructure. The Canvys segment offers customized display solutions serving the corporate enterprise, financial, healthcare, industrial, and medical original equipment manufacturers markets. The Healthcare segment manufactures, refurbishes, and distributes replacement parts for the healthcare market including hospitals, medical centers, asset management companies, independent service organizations, and multi-vendor service providers. The company was founded on May 31, 1947 and is headquartered in LaFox, IL.
Looks bearishI just opened a short position at current price. I will add if price tests the $24.8 resistance level and is rejected. Important to see a rejection before adding another short position.
$RELL Flat Base Break-outSimply posting this trade as an idea. I have a starter position (noted on chart) with a very tight stop. If this helps follow your own rules. I sometimes publish my ideas in hopes of helping others learn to trade. This is not trading or investing advice in any way. Happy Thanksgiving!
Focus Stock 16 Nov: $RELLFocus stock for today: $RELL. Strong group (industrials), price tightening up after recent ascend. 10 and 20 day moving averages have converged, and we now have an inside-day bar on Tuesday to trade on.
Richardson Electronics (RELL) Long PositionCup with handle that could have been entered yesterday. The bottom of the handle retraced just a smidge above the .50 fib level before bouncing back up with the last two days sporting a pocket pivot.
RELL Cup w/ Handle - Long TradeRichardson Electrics (RELL) makes components for microwaves, power grids, generators and data display monitors. The stock is a rare sign of strength in an otherwise abysmal market.
RELL is completing a cup with handle pattern that began in January, and the stock is currently just 5% from new all-ti
Richardson Electronics Ltd. (RELL)Richardson Electronics Ltd.
Possible Short quick Target $12.20
Stop L $10.40
Long Target $14
GoodLuck :)
RELL $10 - $25 ValueThe company has $46m, or $3.46 a share, in cash and net current assets of about $106 million or about $8 a share. The companies liquidation value is about $10 per share.
Companies like this can sell for 1.2 to 2.5 times revenue. RELL’s revenue per share is $11.72. The potential of the stock mo
RELL - worth $15 - $20, $3.50 in cash & very undervaluedcould easily trade at $20 in 12 to 24 months. The fact they improved revenue and margins as the economy weakened is very impressive.
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This info isn't a recommendation for what you should personally do, so please don't take the data as investment advice. As with any trade, always look first, then leap. Read more in the Terms of Use.
