Reading International - Barchart's Chart of the Day

Reading International (RDI) is the Barchart Chart of the Day.  The movie theater operator and commercial property manager has a Trend Spotter buy signal, a Weighted Alpha of 81.70+ and gained 69.31% in the last year.

The Chart of the Day is Reading International (RDI).  I found the stock by sorting the All Time High list for new high frequency in the last month then used the Flipchart feature to review the charts,  Since the Trend Spotter signaled a buy on 10/15 The stock jumped 29.67%.

Reading International, Inc. is engaged primarily in the ownership and management of movie theaters and commercial and residential property.

Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.


Barchart technical indicators:

• 100% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 19 new highs and up 36.10% in the last month
• Relative Strength Index 91.44%
• Barchart computes a technical support level at 10.40%
• Recently traded at 11.32 with a 50 day moving average of 8.99

Fundamental factors:

• Market Cap $266.13 million
• P/E 21.51
• There are no Wall Street firms presently following the stock
• On Motley Fool some individual investors voted 24 to 6 that the stock will beat the market

The 50 - 100 day MACD Oscillator has been the most consistent technical trading strategy on this stock and should be used to find an exit point.