[theory6453]

Did you like RMTI? If not, could you explain why. I know, it did not form a base for long.

It had a very big volume move from it's lows (possible short squeeze) and has formed a new swing high near 6, so that would be the Stage 2A breakout point to watch imo. But currently the 30 week MA is strongly declining and relative performance is still well below the zero line, as well as being under a fair amount of resistance from the 2012 price action. So I only rate it as Stage 1A personally.

*** Here's the 2nd comment I was trying to post last night.

RMTI's big volume move was b/c they received Stage 1 FDA approval on one of their new dialysis drugs. I was actually long in it at the time and turned a nice little profit. That being said, I agree that it's still in a Stage 1, however look for another pop if the Stage 2 FDA approval comes thru in the near future.

RTMI is up 30% this week as we speak as the 2nd study on their new kidney failure drug came back positive yesterday (it wasn't an FDA approval like I had originally thought). IMO RMTI has moved from a Stage 1 to a Stage 2a/2. I will likely wait a month or so for a pullback and then will jump in on this one as the technicals continue to improve.