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After Yesterday's Rally of 1.05% Shares Could Potentially Pullback

By David Diaz

Regal-Beloit (NYSE:RBC) traded in a range yesterday that spanned from a low of $76.00 to a high of $77.70. Yesterday, the shares gained 1.1%, which took the trading range above the 3-day high of $77.50 on volume of 102,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend is tracking the current trend status for Regal-Beloit and will alert subscribers who have RBC in their portfolio or watchlist when shares have changed trend direction.

Regal-Beloit share prices have moved between a 52-week high of $81.36 and a 52-week low of $47.77 and are now trading 62% above that low price at $77.25 per share. The 200-day and 50-day moving averages have moved 0.13% lower and 1.39% higher over the past week, respectively.

Keywords: rebounders regal-beloit

Ticker(s): RBC