$RLGT can rise in the next daysContextual immersion trading strategy idea.
Radiant Logistics provides third-party logistics and multi-modal transportation services company primarily in the United States and Canada.
The demand for shares of the company looks higher than the supply.
These and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $4,09;
stop-loss — $3,96.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
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RLGT trade ideas
Radiant Logistics Trade setupRadiant Logistics, Inc. is a third-party logistics and multimodal transportation services company. It offers domestic and international air and ocean freight forwarding services and freight brokerage services including truckload services, less than truckload (LTL) services, and intermodal services. It operates through the geographical segments: United States, Canada, and Corporate. The Corporate segment refers to the costs of executives, board of directors professional services such as legal and consulting, amortization of intangible assets and certain other corporate costs associated with operating as a public company. The company was founded by Bohn H. Crain in March 15, 2001 and is headquartered in Bellevue, WA.
Possibly an earnings playIf support holds or increases before the next earnings release on 9/28 it may have a positive outcome. Short interest has been decreasing since July. "Radiant Logistics Inc (NYSE:RLGT) was the recipient of a large decrease in short interest in August. As of August 15th, there was short interest totalling 989,854 shares, a decrease of 8.3% from the July 29th total of 1,079,064 shares. Based on an average trading volume of 71,629 shares, the short-interest ratio is presently 13.8 days. Approximately 3.1% of the company’s stock are sold short." www.thecerbatgem.com There was news of a potential acquisition in Jan, which was confirmed in April resulting in a high above $4. Since then it has declined to the pre-acquisition level in Jan, and last Aug/Sep of 2014