2waytrading

Ascending Triangle (Bullish)

NYSE:RGR   Sturm, Ruger & Company, Inc
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Although the stock is over priced almost 75% from its historical multiples, and trading PE ratio of 17x, it seems its ready to break out upside. This ascending triangle will need confirmation Friday and following sessions, but now looks heading to further North with target price $60 and above. Make your stop loss at $47-$48

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