RealNetworks Inc (RNWK) : Breakout above kumo resistance

The market cheered on the news of Glaser resignation.

Not only did RNWK break through the kumo resistance, it also break another resistance level at 4.33 along the way.

Current resistance is now at 4.64 which is the kumo resistance on the Weekly Chart.


RealNetworks Inc (RNWK) : Potential Breakout

Rob Glaser steps down as CEO of REALNetworks.

Having said that, here some interesting notes on REALNetworks. (RNWK).

  • half a billion dollars company with revenue in the range of US$500M to US$600M
  • business units includes music, games, media software + services, technology products + solutions

Key possible growth includes:

  • spinoff of its games unit (listing?)
  • more licensing on products front, possibly in Europe, and North Asia.

Chart Reading:

Nothing much happenign at the moment.

Currently, RNWK price is just sitting within the kumo after a gap up last month.

The price is consolidating and there seems to be some accumulation going on.