The Rubicon Project Inc. (RUBI) – stock is trading around $8.47 dollars as of December, 23, 2019 and offering a possible buying price between $8.24 – $8.65. Let’s look at the stocks technical actions using a weekly chart.
2. After a rock solid run, the stock failed breakout and continue built the gains back in end of August.
3. The stock even started to live below the 50 day moving average (DMA) line, as it started to recede.
4. However, the stock found support at the 200 DMA.
5. The stock not only retested the 200 DMA, but regained the 50 DMA, this week. The volume was also rock solid.
6. The stock is offering possible buying price between $8.24 – $8.65, with a stop loss at $7.58.
This stock is already part of the Stocks Under 10 Dollars pick and performance will be tracked here .
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