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Regal-Beloit (RBC) Upgrade Alert, Watch for 0.5% Technical Downtrend Reversal - 11/3/2009 8:42:06 AM

By Chip Brian, SmarTrend Analytics Team
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Regal-Beloit (NYSE:RBC) upgraded to Overweight from Equal Weight at Stephens. The stock closed yesterday at $46.23 on volume of 408,795 shares, above average daily volume of 0.

Regal-Beloit is currently below its 50-day moving average of $46.97 and should find support at its 200-day moving average of $39.90.

SmarTrend is bearish on shares of RBC and our subscribers received a Downtrend alert on November 02, 2009 at $46.48, which has returned 0.5% to date.

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