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.

rhi0512bRHI 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.

Posted on May 12, 2009 at 8:52 am by asfarley · Permalink

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