RPT Uranium: Nearing a Buy Again
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Topic: Uranium Mining Stocks — July 18th, 2007
We sold RPT Uranium on June 13th for a profit of 47.6% profit in four months as we thought that it had gotten a bit ahead of itself and was due a correction.
Although we did not call the top exactly, we were right that a correction was due and our decision to sell has saved us, and hopefully a fair number of subscribers, a loss of 14.5% as we sold at 62 cents and yesterday RPT closed at 53 cents.
We are now watching RPT for signs of another buying opportunity, as we still like the company and when we sold, we planned to buy the stock back at a cheaper price.
Technically speaking, RPT has fallen about 30% and the STO is on the floor, giving us a bullish signal. We will watch the STO for the black line to break up above the red, giving us a BUY sign, although we would not act on this alone. We shall also keep an eye on RPT for signs of this correction finding a bottom and possibly beginning to consolidate. The RSI is not at the bottom, but it rarely trades that low historically. What is important is that the RSI is at the bottom of its historical range.
We are now watching RPT for a opportunity to add it as a BUY again in our uranium stocks portfolio.
RPT Uranium trades as RPT on the TSX Venture.
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Uranium-stocks.net: Portfolio Update 21 August 2007
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With oil breaking out today, I think it is also fundamentally a wise decision to buy RPT on dips. Excellent timing of this TA flash.
Comment by MyKel — July 18, 2007 @ 9:35 pm
Today was a heavily drop of the RPT stock. In your article you mention the STO. Could you explain what the current state of the STO at this moment is please? Does this STO signal a BUY AFTER the first huge rise in price and volume of the stock?
Comment by MyKel — July 20, 2007 @ 8:54 pm
Unbelievable slaughter of RPT.
Are they out of business ?
WTF is going on?
Comment by MyKel — July 25, 2007 @ 5:40 pm
We try to consider all of the technical indicators before making an investment decision and the STO is one of them. Some traders place enormous emphasis on their favourite indictor as it has worked out for them in the past but this is not something that we advise. Take in as much as you can before making an investment.
RPT is down 9% at $0.46, yes it really is taking it on the chin today. We will keep a close eye on it and the spot price of uranium, as this will play a big part in the minds of investors.
But as we said, we are getting close to a Buy!
Comment by Uranium Stocks — July 25, 2007 @ 5:54 pm
I am trying to produce the same TA chart on my TWS application
http://img385.imageshack.us/img385/7408/schermafdrukstochasticoht0.png
I choose the Stochastic Osc. (I suppose?)
http://img385.imageshack.us/img385/7408/schermafdrukstochasticoht0.png
Which values should I fill in for
Method: EMA, or WMA or SMA
Observation period
Period of slow avg.
Period of fast avg.
Thanks in advance
Comment by MyKel — July 25, 2007 @ 7:58 pm
Since there are futures on the Uranium spot, the price of Uranium has been dragged down. For years when there were NO futures on Uranium it’s price has steadily gone up and up…
Is this just coincidence…?
(
You see it also with gold & silver and other popular commodities.
The paper future market has in my opinion a lot of influence
)
(sorry for my bad English)
Comment by MyKel — July 26, 2007 @ 10:08 pm