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$RHTX | ($RHTX) Long Term Investment Analysis (RHTX)

By Thomas Kee
From Stock Traders Daily

$RHTX | ($RHTX) Long Term Investment Analysis (RHTX)

The technical summary data tells us to buy RHTX near 16.23 with an upside target of 16.7. This data also tells us to set a stop loss @ 16.18 to protect against excessive loss in case the stock begins to move against the trade. 16.23 is the first level of support below 16.3142 , and by rule, any test of support is a buy signal. In this case, support 16.23 would be being tested, so a buy signal would exist.

The technical summary data is suggesting a short of RHTX as it gets near 16.7 with a downside target of 16.23. We should have a stop loss in place at 16.75though. 16.7 is the first level of resistance above 16.3142, and by rule, any test of resistance is a short signal. In this case, if resistance 16.7 is being tested, so a short signal would exist.

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