The following is technical analysis on RELM Wireless Corp. (RWC) for December 8, 2009RELM Wireless Corp. Support and Resistance Levels - 12/8/09
Resistance Levels: $5.14
Support Levels: $4.06
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RELM Wireless Corp. (RWC) is on fire today due to the company receiving a contract from the US Government. The stock traded up to $5.15 in pre market, right around $5.14 resistance from back in 2007. If RELM breaks $5.14 after the open, you could see a large move higher over the next few trading days. I would then want to place a stop order at $5.00 for protection. If I get stopped out, I can always jump back in if RELM takes off again. Watch $5.14.
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