When I see a the CEO buying large amounts of the company in which they are managing I get to looking into the company. When I look at the technicals for this company. My checklist gets checked, some volume coming in, MACD crossover, EMA 8 closing the EMA 21 and RSI is under the 50. I see a 312 reversal with a gap to be filled, enterprise value is more than market...
here is $RYAN potential continuation head and shoulders pattern but this needs to tighten way down below that supply line for me to get interested.
Again, more of the same, base building but not buyable yet.
$RYAN 6mth old insurance name IPO. based off (-12%) the January market weakness and looking to reclaim its ATH close of $40.36. RS is at ATH.
trading above all critical VWAPs, MAs. a trading idea to take on BO for further trending action.
Ryan Specialty Group Holdings Inc (NYSE:RYAN) broke out to a new all-time high on Friday, accompanied by a solid volume suggesting higher levels. The technical chart still shows a bullish bias. I suspect the stock may continue to appreciate over the coming sessions.
As the fed moves towards tapering, I will be building a position in RYAN around 35. Will look to add on quality pullbacks assuming $XLF maintains an upward trajectory
