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Downgrade Alert for Sturm Ruger & Co (RGR)
[November 02, 2012]

Downgrade Alert for Sturm Ruger & Co (RGR)


Nov 02, 2012 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- Sturm Ruger & Co (NYSE:RGR) was downgraded from Buy to Neutral at CL King today. The stock closed yesterday at $44.30 on volume of 1.2 million shares, above average daily volume of 310,000. Over the past year, Sturm Ruger & Co has traded in a range of $28.48 to $58.42 and closed yesterday at $44.30, 56% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.



Sturm, Ruger & Company, Inc. designs, manufactures and sells firearms and precision metal investment castings. The company's firearms products include rifles, shotguns, pistols, and revolvers. The Company's titanium and ferrous investment castings are utilized in the production for a wide variety of markets including golf clubs and sporting goods, commercial, and military.

There is potential upside of 20.4% for shares of Sturm Ruger & Co based on a current price of $44.30 and an average consensus analyst price target of $53.33. The stock should find initial resistance at its 200-day moving average (MA) of $44.66 and further resistance at its 50-day MA of $46.59.


SmarTrend is tracking the current trend status for Sturm Ruger & Co and will alert subscribers who have RGR in their portfolio or watchlist when shares have changed trend direction.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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