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RhythmOne shares could rally to 52p says Zak Mir

Shares in RhythmOne Plc (LON:RTHM), the video search company formerly known as Blinkx, have been recovering and could rise to 52p according to technical analyst Zak Mir.

In a Tip TV segment for Proactive Investors Mir highlights: “The big turnaround came, basically in May, it is as if the change in name led to a change in fortunes as the shares pushed through the 200-day moving average in June for the last time.”

He also notes a golden cross buy signal around the 30p level in July, and says the price has been edging up ever since.

Quick facts: RhythmOne

Price: - -

AIM:RTHM
Market: AIM
Market Cap: -
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