Price & RSI

[lana2b]

Hi everybody

I'm just learning and have a question- An explanation appreciated!!!

NOV 17-        : price high @1.36 RSI 80
Feb 27 - ACUR: price high @.65   RSI 80  What does this tell us? good or bad?

Does this mean - today was stronger move and will continue ? OR opposite--
with lower price RSI already reached overbought point

Thanks

lana

[KCScott]

The way I use RSI depends on what the stock has done previously in overbought or oversold conditions.

I've seen some stocks advance, in RSI above 70, another 10-15% before they correct. Others drop within a day or two.

Looking at three year history of ACUR I see 4 times (including today) it has penetrated RSI 70 - and it dropped hard immediatley afterwards ( down 8% as of this message).

I'd say it's a pretty good indicator for this stock.

[lana2b]

Thanks KCScott

Placed sell limit @.54 Will see
Plus I don't like their "Financials" today ACURA PHARMACEUTICALS, INC Financials

lana

[lana2b]

Changed order to.535. Filled. But last tick doesn't show my sell and vol too.?
I'm wondering about this  BIG spike on HUGE vol for several years

Feels like I should hold

lana