| | STURM RUGER & CO INC COM support | resistance | research
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Stock : RGR |
| Stock Recommendations : Buy |
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| Sector : Retail |
| First Resistance : 7.96 |
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| Stock Name : STURM RUGER & CO INC COM |
| Second Resistance : 8.66 |
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| Buy Near : 7.15 |
| Third Resistance : 9.11 |
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| StopLoss : 6.72 |
| First Support : 7.08 |
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| Posted date : 11/2/2008 12:00:00 AM |
| Second Support : 6.72 |
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Sturm, Ruger & Company, Inc. com (RGR) stock given a nice double top breakout on 10/31/08 with good volume Again many technical indicators also have given a buy signal, with rising moving average weekly and daily stochastic given a buy signal and ADX also given a buy signal.
For the third quarter of 2008 Sturm, Ruger & Company, Inc. com (RGR) reported net sales of $41.8 million and earnings per share of $0.02, compared with sales of $31.9 million and a loss per share of $(0.03) in the third quarter of 2007. In down economy revenue growth and earning growth offering good investment in this stock. Sturm, Ruger & Company, Inc. com (RGR) manufacturers of high-quality firearms for the commercial sporting market, the Company repurchased a total of 1.5 million shares of its common stock for $9.9 million in the open market, representing 7.2% of the outstanding shares, at an average price per share of $6.59. As per technical indicator analysis this stock looks good candidate for portfolio investment and also for day trading, stock investing, trend trading | swing trading. Due to stock market and economic condition keep tight stop loss on all position. You can buy this stock near $7.15
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