RDUS Radius Health Measuring Gap – Potential Technical Price Target 100 US Dollar

Thursday RDUS – Radius Health released good news and the stock gapped higher. As I outlined in my previous post Getting exposure to high quality set-ups like RDUS – Radius Health is the way to go. This simply increases the odds for good things to happen.

Assuming RDUS will close strong, this will leave a strong white candle on the chart and a clearly visible gap. My best guess would be for it to be a measuring gap. These often tend to occur right in the middle of a move. In this case this would imply a technical price target slightly above 100$. If my analysis is correct the gap won’t be filled until the target is acquired. Right now, for position traders RDUS is a great stock to hold. Especially if you entered using the stop buy I suggested earlier. As long as the stock stays strong and acts well, ride the uptrend.

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