RSH - chart" src="http://stock-tipper.com/wp-content/uploads/2011/06/RSH01.png" alt="" width="480" height="278" />Just like another electrical goods retailer that I recently wrote about, RSH - Google Finance" href="http://www.google.com/finance?q=RSH">RadioShack Corporation RSH has been sold down heavily due to competitive pressure from online retailers. The sell-off in this stock has been much more pronounced though.
New 52 week lows of $12.28 were made this week.
However, the last two days has seen some buyer interest emerge. This has been expressed in the long lower wicks from the corresponding candles shown in the above chart. Also, a strong support level at just below $12.50 has been found. Trading volume on Friday also picked up as the stock gained 1.2% to close at $12.63.
These are all technical reversal signals.
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