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Last Update
10/24/2014
RENN
RENREN ADR REP 3 CL A
Last Signal: BUY
Last Pattern: BULLISH ENGULFING
Last Close:
3.4100
Change:
+0.0600
Percent change
+1.79%
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Signal Update
Our system’s recommendation today is to BUY. The BULLISH ENGULFING pattern finally received a confirmation because the prices crossed above the confirmation level which was at 3.3500, and our valid average buying price stands now at 3.3550. The previous SHORT signal was issued on 10/22/2014, 2 days ago, when the stock price was 3.2950. Since then RENN has risen by +1.82%.
Market Outlook
The bulls have strong evidence on their side and this evidence prompts us to make a bullish bet. The bullish pattern that was previously identified is finally confirmed and a BUY signal is generated. It is probably the right time to be part of this boost and bullish market sentiment. The market is telling you about a possible new profit. Do not miss this chance.


Candlestick Pattern Chart
The chart showing Series 1 series.
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Pattern Description
This pattern is characterized by a large white body engulfing a preceding smaller black body, which appears during a downtrend. The white body does not necessarily engulf the shadows of the black body but totally engulfs the body itself. This is an important bottom reversal signal. more...
Signal History
6 mo.
12 mo.
24 mo.
Date
Price
Signal
$100⇨
10/24/20143.3550BUY 101.54
10/22/20143.2950SHORT 103.84
10/20/20143.2250BUY 102.04
10/6/20143.2810SHORT 100.73
9/29/20143.4400BUY 106.04
9/22/20143.3500SELL 106.25
9/18/20143.4200BUY 108.69
9/16/20143.3110SELL 108.91
9/12/20143.4340BUY 113.18
9/4/20143.4823SELL 113.41
8/25/20143.2477BUY 105.98
8/13/20143.2200SHORT 107.33
7/24/20143.2500BUY 108.76
7/9/20143.2000SHORT 110.93
7/1/20143.3690BUY 117.26
6/3/20143.3700SELL 117.49
5/23/20143.2850BUY 114.76
5/21/20143.2650SHORT 115.93
5/8/20143.2798BUY 116.92
4/22/20143.4000SELL 117.15
4/16/20143.3100BUY 114.28
4/14/20143.2900SHORT 115.44
3/31/20143.2200BUY 113.44
3/7/20144.3350SELL 113.67
2/27/20143.4700BUY 91.17
2/25/20143.3900SELL 91.35
2/24/20143.5100BUY 94.77
2/14/20143.3910SELL 94.96
1/28/20143.2050BUY 89.93
1/23/20143.1400SELL 90.11
1/14/20143.2250BUY 92.73
1/10/20143.2450SELL 92.92
1/6/20143.1750BUY 91.10
12/31/20133.0700SELL 91.28
12/18/20132.9600BUY 88.19
12/9/20132.9800SHORT 87.95
12/4/20132.9500BUY 87.41
12/2/20132.9400SHORT 88.06
11/27/20133.3500BUY 100.74
11/19/20133.4100SHORT 99.40
11/12/20133.4100BUY 99.80
† Trade commissions taken as 0.20%.
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