Renuen Corp RENU
RENU has appeared in our newsletter and on our extended watchlist over the past couple of months.
In May, we saw it run from a low of .0016 to a high of .0073, for a 356% gain. Following that run, we experienced a consolidation, where RENU found support in the low .002’s.
Yesterday the stock began to perk its head up, hitting a high of .004. The key to the session was the breaking of the 50 & 100DMA, (.0033 & .0034).
We feel that the indicators are setting up the possibility for another big run, so we will want to remain vigilant, and keep RENU on our radars.
ICPA, AAPT, THWI, ARNA, ACI