RRST – RRSAT Global Communications Network IPO

Opening day IPOs can be a ton of fun when they work out. RRST – RRSAT Global is an Israeli provider of leased satellite broadcast distribution and value-added services. The IPO priced at $12.50. I always monitor the IPOs. Let’s take a quick look at the trade.

RRST was fairly straight forward.

The 7th and smallest candlestick on the 15-minute chart was the trigger bar for that trading setup. A stop is placed below that bar or the prior bar’s low. The stop loss can be set at an even more conservative low of the day. This would obviously also diminish the reward. I chose the 15-minute chart because it carries less volatility, and fluctuations. On the first pullback of a stock it often goes higher after a higher high. The chart tells the story in the case of RRST – RRSAT Global Communications Network IPO today. For two more examples of how to trade IPOs, check out the EHTH and APKT trades.

Trade Consciously.