Online Stock Trading | RNIN - Wireless Ronin Tech Inc - 10 week pull back

RNIN - Wireless Ronin Tech Inc - 10 week pull back


Filed Under Fundamentals & Charts, Market Commentary |

Wireless Ronin Tech Inc (RNIN) caught my eye sifting through some stocks this morning. Its recent price action, a strong Relative Strength has lead me to take a closer look at RNIN.

Here is what they do:

Wireless Ronin Technologies, Inc. engages in the design and development of digital signage solutions for specific retail and service markets. It offers a content delivery system, RoninCast, which manages, schedules, and delivers digital content over a wireless or wired network. The company provides digital signage for use in the advertising industry. Its solutions provide customers with a visual marketing system designed to enhance the way they advertise, market, and deliver their messages to targeted audiences; and enable to deliver a solution that includes project planning, design services, network deployment, software training, equipment, hardware configuration, content development, implementation, maintenance, and help desk support. In addition, Wireless Ronin Technologies provides consulting, project planning, design, training, content development, and implementation services. The company markets its solutions to companies that deploy point-of-purchase advertising or visual display systems. It sells its solutions through its direct sales force and value added resellers to retail, hospitality, restaurants, healthcare and banking, transportation locations, and convention centers markets in North America. The company was incorporated in 2000 and is headquartered in Eden Prairie, Minnesota.

Some Key statistics:

Shares Outstanding: 9.84mm
Insiders Own: 17.29%
Institutions Own: 29.9%
3 year Eps growth: 66%
Most recent Revenue Growth (YoY): 632%

Let’s move to the charts:

Weekly

RNIN_4_27_07_Weekly.png

Point & Figure chart

RNIN_4_27_07_P_F.png

Although the market appears to be putting in a top, we must keep all new positions smaller than normal. RNIN is included in this rule.

Aloha and Happy Trading,
MS

marketspeculator@gmail.com

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