RINO International Corp (RINO) – 09-30-2009
RINO has several hot keywords in their company overview: environment, China, and steel. I can’t say I’ve done a lot of research into them, because once again I’m being lazy and picking things off the IBD list. I don’t really think this is a great stock to buy, but the interesting thing is that they had a solid breakout and follow through during a general market downturn. Normally 3 out of 4 stocks follow the market, so the fourth one stands out a little. If you didn’t trade the breakout, it’s already too overextended to buy, but we’ll see how far the momentum can take this guy and set some triggers later on.
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