Watching RTK on 1/23/17

RTK closed Friday’s session at 2.16. Not usually interested in trading a stock < 5 but the absurdly above normal volume is something to take note of. The stock traded 2.4MM shares on Friday versus a 10 day average of 175k shares. That combined with the oversold stochastic and bullish candlestick could potentially bring RTK back to 2.50 in a short time. Keeping a close eye on the 2.16 level as it closed here on Friday at the high of the day. If it makes new highs on Monday, I might be inclined to buy a partial position in the range of 2.18-2.20, targeting the 2.45-2.50 area to take profits and using recent lows as a stop.