Today we will analyze the stock Claymore/raymond James Sb-1 Equity Fund (RYJ) for internet stock trading in the NYSE stock market,
Stock Technical indicators to notice in Claymore/raymond James Sb-1 Equity Fund (RYJ)
1- Last bullish trend was from 22.60 $ (4/10/2012) to 23.72 $ (4/27/2012) a 1.12 $ move 2- The current bearish trend started from 23.72 $ at 4/27/2012 and is currently trading at 22.66 $.
3- RYJ current support level is at 22.60 which is the 100.00 % fibonacci retracement of the last 1.12 $ move.
4- RYJ current resistance level is at 23.03 which is the 61.80 % fibonacci retracement of the last 1.12 $ move.
5- According to ADX Indicator, the trend is currently bearish, which is getting stronger.
Claymore/raymond James Sb-1 Equity Fund (RYJ) Short term stock chart patterns for internet stock trading :

6- The Stock formed a 1.560 $ height triangle which was broken down at 22.800, target of the pattern is 21.240.
Claymore/raymond James Sb-1 Equity Fund (RYJ) Mid term stock chart patterns for internet stock trading :

7- The Stock formed a 2.420 $ height triangle which was broken up at 20.560 in higher than usual volume, target of the pattern is 22.980 which was broken down at 23.280, target of the pattern is 20.860.
Claymore/raymond James Sb-1 Equity Fund (RYJ) Long term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 18.690 and 16.760 that was broken down at 23.110 transforming into a resistance line.

Stock Trading Conclusion:
Claymore/raymond James Sb-1 Equity Fund (RYJ) was trading in a bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading .

Stock Resistance Levels : 22.82, 22.91, 22.98, 23.03, 23.06, 23.16, 23.19, 23.29, 23.32, 23.46, 23.70, 23.72, 24.43.
Stock Support levels : 22.60, 22.30, 21.91, 21.24, 20.86,.