RENN is inching higher today but that is not even close to the whole story. Please note the volume increase today. This is the lightest trading day of the year for the markets and stocks but RENN is seeing some major accumulation. 20,000 blocks have been going off all day as institutional players are loading up. This tells us a big move should be close. Be ready for a major run as early as next week. First target should still be at $4.05-$4.10.
Chief Market Strategist Gareth Soloway continues to hold his shares from an entry price of $3.43.