Rotary Engineering: On Up Trend

Rotary Engineering is currently trading within a Up Trend Channel after forming a “Higher High, Higher Low” pattern. The stock just rebounded from 61.8% FR level (also the neckline of Inverted Head and Shoulders) and clear the 200D SMA resistance. Price Target is about $0.60.

Next Earnings Announcement 02/28/2013

Previous analysis on Rotary Engineering breakout.

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