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Title
Last Update
5/24/2013
RS
RELIANCE STEEL
STAY IN CASH
Last Pattern: BULLISH STOP LOSS
Last Close:
66.8000
Change:
-0.3600
Percent change
-0.54%
6 mo. Rating 2★
$100⇨ 111.10
12 mo. Rating 2★
$100⇨ 129.63
24 mo. Rating 2★
$100⇨ 224.58
Signal Update
Our system’s recommendation today is to STAY IN CASH. The previous SELL recommendation was issued on 5/16/2013, 8 days ago, when the stock price was 67.3800. Since then RS has fallen by -0.86%.
Market Outlook
The bullish zeal that triggered the bullish stop loss is now over. The bears are back with vigor and strength. The market action once more proved the wisdom of our strict confirmation rules by avoiding a bull trap. Besides, the signal is suggesting to STAY IN CASH. It is best to follow the signal and wait on the sidelines while looking forward to a genuine bull run.


Intraday Module is ON. To follow the confirmation status, click here.
Candlestick Pattern Chart
The chart showing Series 1 series.
Pattern Description
This is not a standard candlestick pattern. It is simply the stop loss compliment of all the confirmed bearish patterns. The conditions for the activation of the Bullish stop loss are two consecutive highs or a close above the stop loss level of a recently confirmed bearish pattern. more...
Signal History
6 mo.
12 mo.
24 mo.
Date
Price
Signal
$100⇨
5/16/201367.3800SELL 224.58
5/3/201365.2500BUY 217.92
4/29/201364.1500SHORT 222.61
4/16/201365.9000BUY 229.60
4/11/201369.0970SELL 230.06
4/5/201367.0850BUY 223.81
4/1/201370.5250SELL 224.26
3/14/201368.1000BUY 216.98
3/5/201366.1550SHORT 224.45
2/27/201366.8000BUY 227.55
2/20/201370.7400SELL 228.01
2/15/201371.8600BUY 232.08
2/12/201370.7700SELL 232.55
2/1/201365.4600BUY 215.53
1/24/201363.5100SELL 215.96
1/22/201363.8700BUY 217.62
1/11/201364.4800SELL 218.06
1/2/201363.8000BUY 216.19
12/28/201260.8091SELL 216.62
12/6/201256.5200BUY 201.74
11/27/201256.0450SELL 202.14
11/19/201255.0300BUY 198.88
11/8/201255.1500SELL 199.28
10/26/201254.9300BUY 198.88
10/19/201252.7100SELL 199.28
10/15/201250.6900BUY 192.03
9/17/201256.8000SELL 192.41
9/4/201251.5000BUY 174.81
8/24/201252.3800SELL 175.16
8/17/201252.9500BUY 177.42
8/14/201252.7400SELL 177.78
8/7/201252.9100BUY 178.71
8/2/201250.5900SELL 179.07
7/27/201248.4700BUY 171.91
7/20/201248.9900SELL 172.25
6/27/201248.0950BUY 169.44
6/13/201246.6100SHORT 175.72
6/6/201246.7200BUY 176.84
5/31/201248.0100SHORT 172.90
5/23/201249.2300BUY 178.00
5/4/201254.6100SELL 178.36
5/1/201256.1700BUY 183.82
4/19/201255.4800SHORT 186.88
4/12/201252.3150BUY 176.93
4/4/201254.9100SELL 177.28
4/2/201256.5400BUY 182.91
3/22/201255.2100SELL 183.28
3/9/201253.8000BUY 178.96
2/29/201253.9500SHORT 179.18
2/16/201254.2300BUY 180.83
2/7/201254.6700SELL 181.19
2/3/201255.3600BUY 183.84
1/20/201255.7400SELL 184.21
12/30/201148.5400BUY 160.74
12/28/201149.0000SELL 161.06
12/16/201146.8200BUY 154.20
12/12/201147.8800SELL 154.51
11/29/201144.2900BUY 143.21
11/17/201144.5800SELL 143.50
10/21/201140.1800BUY 129.60
10/17/201139.4200SELL 129.86
10/5/201133.2900BUY 109.89
9/16/201140.8750SELL 110.11
9/13/201138.7800BUY 104.68
9/9/201139.1900SELL 104.89
8/24/201138.0600BUY 102.07
8/17/201140.4900SHORT 96.68
8/11/201139.7400BUY 95.27
7/27/201148.7400SELL 95.46
7/19/201149.4500BUY 97.04
7/5/201149.5050SELL 97.23
6/29/201149.1500BUY 96.73
6/24/201148.3850SELL 96.92
6/21/201148.1700BUY 96.68
6/16/201147.1600SHORT 99.19
6/10/201147.2600BUY 99.80
† Trade commissions taken as 0.20%.
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