Robert Half International (RHI)
Robert Half International (RHI) is an interesting play in the stabilizing employment sector. It’s a good alternative to Manpower (MAN), which is overbought after rising 40% in the last three weeks.
RHI has rallied into the September gap between 24.75 and 25.50. It’s spiked into that resistance twice since April 22nd and has now settled into a tight consolidation pattern near the high. This bullish action raises the odds for a wide range bar through resistance and into 27. That, in turn, would support a rally into the September swing high at 28.70.
A stop can be placed under the lows near 23.25, or under the 2-month trendline.