Chart of the week Chart of the Week RINO International Corporation (NASDAQ: RINO) For Monday, November 30th, 2009 Tony Golan Chief Technical Analyst Stockprofit.com™   RINO International Corporation (NASDAQ: RINO) is in a powerful long-term up-trend.  The stock is making an uninterrupted progression of higher highs and higher lows well above a rising 200-day moving average (the red line in the chart above).  Relative Strength Differential (RSD), our proprietary indicator for selecting stocks in super-strong up-trends, is well above the 25% threshold, indicating RINO is outperforming the S&P 500 by a wide margin and should continue trending higher and outperforming the broad market. RINO spent the latter part of 2008 as well as the early part of this year consolidating sideways below a declining 200-day moving average.  In mid-May, RINO crossed back above the 200-day moving average around $5.  Since then, it’s been making an uninterrupted progression of higher lows and higher highs.  Last Friday, RINO made a new high for the current long-term up-trend at 33.30 despite a sharp selloff elsewhere. With such an outstanding gain over the past 6 months far outpacing the averages, RINO is now trading a 183% above its 200-day moving average, resulting in a superb Relative Strength Differential (RSD) reading of 160, one of the best readings out there at this time. Since RINO just made a new high on Friday, it is in no position to be bought at this time for intermediate-term holding time of several weeks to several months.  Although one can use whatever timing method they wish to enter and exit this stock, the optimum time to enter such a stock for intermediate-term holders would be at the completion of a slow, mild correction of at least three trading days (usually more like five-to-ten trading days) after making a new high, followed by a strong turn back up on above-average and rising volume.  After such a correction, a protective sell-stop should be placed below the low of this correction to limit losses in case the stock doesn’t continue to new highs.   Until then, RINO is just a trading candidate, and a trade mmay never actually materialize in it, keep an eye on RINO but don’t jump into it prematurely. Disclaimer: Copyright© 2009 StockProfit™. All rights reserved. StockProfit™ is an independent electronic publication providing information on select public companies.  StockProfit™ is not a registered investment advisor or broker-dealer. There is a risk of loss in all of trading.  Past performance is no indication nor guarantee of future results.  The information contained herein is believed to be accurate.This update is provided as an information service only, and the statements and opinions in this update should not be construed as an offer or solicitation to buy or sell any security. In no event shall StockProfit™ and/or its publisher, Stock Services, LLC or any of its employees or affiliates, be liable for any direct, incidental, consequential, indirect or punitive damages whatsoever arising out of the use of the Information, or for any  errors or omissions in the content thereof, including, but not limited to, from any investment loss, damage or expense incurred by any investor resulting from the Information, or from the purchase or sale of any profiled company or any company which we make commentary. We recommend using good-'till-cancelled stop orders to minimize losses in the event of an adverse price movement. We have not been compensated by company(ies) mentioned above in any way. We do not hold any positions whatsoever in the above mentioned company(ies).