My buddy said this stock is gonna get hot...anyone heard of this company

[jonnyblaze]

ticker symbol is "r z"

raser technologies

rasertech.com

[BigFratDaddy]

why is this going to get hot?

[Rookie Pix]

Blaze,
If you look at the two year chart this stock once traded at $25.00+ per share,I looked at it a few years back and I believe they have a patent on a "rotary diesel engine" and some other rotary style motors and they were in talks with some major manufacturers a few years ago if my memory serves me right.I dont know where they stand on funding. This one will depend on a big name (Toyota,Chrysler,GM etc) stepping in and endorsing/integrating the Razer technology in their own products.I havent looked at this one lately though they may be into something new.

[Romanowski]

a significant military contract would do the trick too

[jonnyblaze]

Thanks Rookie Pix. If you find anything else let me know. It trading at $8 and some change right now

[whodi]

I do a lot of technical analysis, the breakout on the stock, which would of been a nice entry point would of been 6 dollars. Look at the 3 month, 6, and 1 year chart with the candle sticks below. Resistance on the stock will be 10 which it got close to and came down some, if it passes 10, that would be the next entry point. GL with the trade if u are in.

[whodi]

here is the link to look at the chart

1 year

http://finance.yahoo.com/q/bc?s=RZ&t=1y&l=on&z=m&q=c&c=


6 month

http://finance.yahoo.com/q/bc?s=RZ&t=6m&l=on&z=m&q=c&c=

3 month

http://finance.yahoo.com/q/bc?s=RZ&t=3m&l=on&z=m&q=c&c=

2 year chart will show the resistance at 10, clear breakout past 10, you will want to see nice volume behind it as well.

http://finance.yahoo.com/q/bc?s=RZ&t=2y&l=on&z=m&q=c&c=

[jonnyblaze]

ty Whodi, nice analysis

[whodi]

No problem, the 2 year chart shows that the stock broke down at 10, so thats a good indicator if it breaks past it, the strong volume would indicate a clear breakout. 20 dollars would then be the next resistance level