R is leaning down. There are targets within each timeframe. The most promising of which is the daily target of $66.
monthly
indicators are breaking down on monthly. this signals a possible trend break in the near future. That would give a target in the low $50s.
Weekly
all indicators pointing down. price has formed a...
R is now resuming it's down trend after Retrieving up-to 50% Fibonacci level in weekly chart.
Entry confirmation will be breaking down of channel in daily frame.
Entry: 62
Target: 57.63
We are also looking to Buy Nov16, 62.5 put, Currently trading $3.70
R is now resuming it's down trend after Retrieving up-to 50% Fibonacci level in weekly chart.
Entry confirmation will be breaking down of channel in daily frame.
Entry: 62
Target: 57.63
We are also looking to Buy Nov16, 62.5 put, Currently trading $3.70
10dma is about to cross-over 30dma in the meanwhile MACD is about to cross-over 0. All in all a couple of days of sideways movement will set Ryder up for higher prices. Broke the down-trend today as well. On Watchlist!
Friends
Ryder would have A LOT of levels to pass to get through all the resistances making it extremely difficult for the move. A lot of bullish participation would be expected. And I can't see it happening, thus, getting this set up. A downside move is likely if we see continued bears monday.
Can I add, That AT THIS POINT IN TIME, the stock is still in uptrend...
Ryder System, Inc. is engaged in offering transportation and supply chain management solutions. The Company operates through three segments: Fleet Management Solutions (FMS), which provides leasing, commercial rental, contract maintenance, and contract-related maintenance of trucks, tractors and trailers to customers principally in the United States, Canada and the United Kingdom; Dedicated Transportation Solutions (DTS), which provides vehicles and drivers as part of a dedicated transportation solution in the United States, and Supply Chain Solutions (SCS), which provides supply chain solutions, including distribution and transportation services in North America and Asia. Through its FMS business, the Company provides its customers with various fleet solutions. In addition, it provides its customers to purchase a selection of used trucks, tractors and trailers through its used vehicle sales program. Its customer base includes enterprises operating in various industries.
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