• Return to Headlines

Sturm Ruger & Co Bearish Moving Average Crossover Alert (RGR)

By Shiri Gupta

Sturm Ruger & Co (NYSE:RGR) shares have crossed bearishly below their 10-day moving average of $60.09 on a volume of 111K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Sturm Ruger & Co share prices have been bracketed by a low of $43.00 and a high of $68.20 and are now at $57.20, 33% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 0.6%.

SmarTrend recommended that subscribers consider buying shares of Sturm Ruger & Co on March 6th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $49.60. Since that recommendation, shares of Sturm Ruger & Co have risen 21.7%. We continue to monitor RGR for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses sturm ruger & co

Ticker(s): RGR