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Charts, Stock Picks, and Technical Analysis from an Online Stock Trading Veteran

January 25, 2008

RMG - RiskMetrics Group Inc IPO

Filed under: Online Stock Trading — Online Stock Trading @ 9:21 am

While I prefer IPOs that price at the high of their range, I bought RMG - RiskMetrics Group Inc., even though it priced at 17.50 close to the lower end of the $17 - 19 range.

First pullback has the best odds for heading higher.  First entry was over 21.75 on the first higher-high on the 5-minute chart.

I’m expecting a new high.

rmg-012508.jpg

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