The following is technical analysis on Rentech, Inc. (RTK) stock for August 24, 2009Rentech, Inc. (RTK) Support and Resistance Levels - 8/24/09
Resistance Levels: $2.33, $2.56, $2.93
Support Levels: $2.00, $1.82
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Rentech, Inc. (RTK) stock has been on fire lately due to more Jet Fuel news. I like pullbacks under $2 as a buy with a stop at $1.81. I will also be buying when RTK breaks Friday's high of $2.33 as well as Thursday's high of $2.56. RTK is the ultimate momentum stock right now so keep it on your watch lists. Any additional positive news will send RTK shares soaring again.
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