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Friday, January 13, 2012

RGR

It' later, but I did want to look at one of the many breakouts today. RGR is supposed to be a leader, but illustrates the state of the leadership in the market right now. Since hitting it's prior peak in August, the price relative line, along with price, is finally back where it was, idicating that since then it has been following rather than leading. That may be changing now, although today's breakout came on an upgrade, which usually doesn't produce long term moves. I do like this stock here, but don't anticipate it moving that much before next earnings.

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