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Monday, August 22, 2011

RGR

RGR is sort of a breakout attempt, since it hit a prvious high on it's earnings breakout about a month ago. This is one that I am tracking for price relative, which unfortunately is a little late, as price relative broke out immediately after the earnings breakout, as actually rose while price pulled back sharply. This did report good numbers for earnings, but so did a lot of other stocks that have since tanked, so that alone does not explain it;s current strength. Today's breakout attempt failure may not be the kiss of death, but it isn't going to help any, either.

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