RPD Daily Chart Analysis1. Tested 20EMA previous.
2. Industry is in Bullish.
3. RR might not look nice, but probably can look into smaller time frame (when market open, to look for better entry)
RPD trade ideas
2017-07-29 - Rapid7 - Go LongThe stock is currently trading below the value area.
Depending on your risk factor, sell half of the assets in the middle of the area (±17.00), or sell near the top (±17.50).
PRO:
1) The stock is trading below the value area
2) On the 2017-06-06, almost 3 Millions shared were traded, the big party that bought them will want to distribute them with profit
AGAINST:
1) This may be the beginning of a down trend
2) A new mini value area may have begon, in this case it would be better to wait and buy at ±16.00
3) Earnings are due over 8 days, so it is possible the stock will trade in tight range
