Tuesday, August 18, 2009

Rentech has a Spectacular Day

I have been watching a stock called Rentech for a while now. On August 6, it broke out of a trading range on huge volume, but I wasn't looking. I wound up buying it at $1.209 on August 11.

I just sold it at $2.2207 for a better than 83% return in only seven days. The stock is up 76% today alone on huge volume.

Did I see this jump coming? Not really. The breakout on August 6 matched all the criteria I have for buying a stock; from there I got very lucky.

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