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RBC Bearings (ROLL) Downgrade Alert, Watch for 5.1% Technical Downtrend Continuation - 11/3/2009 8:45:20 AM

By Chip Brian, SmarTrend Analytics Team
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RBC Bearings (NASDAQ:ROLL) downgraded to Neutral from Buy, $25 target, at BofA/Merrill. The stock closed yesterday at $20.55 on volume of 151,198 shares, above average daily volume of 0.

RBC Bearings is currently below its 50-day moving average of $23.50 and should find support at its 200-day moving average of $20.06.

SmarTrend is bearish on shares of ROLL and our subscribers received a Downtrend alert on October 30, 2009 at $21.66, which has returned 5.1% to date.

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