RGR
Daily chart analysis
RGR experienced an uptrend between March and August 2020. The uptrend was broken in August, leading to a sideways market / distribution stage that persisted for the next two years until August 2022. Following this, the price broke down from the sideways market, entering a downtrend with a sharp move down and finding a bottom at the end...
RGR has been a real undervalued gem in 2021. We NAILED the entry back in January, and I think this stock is getting ready to move again. The $70-75 area is a great value buy zone, with earnings just around the corner. It's sitting just above the .618, with some MACD divergence. With a 1.5%~ dividend yield this is a strong value. I am long via shares and the Aug...
Chart just looks ready to rip higher. Wonder what the Biden administration is up to as far as gun regulation because it appears a spike in gun sales could be on the way.
NYSE:RGR tends to perform well in the presence of social unrest and in the face of regulatory restrictions on firearms (reflect upon the Obama years etc). The mainstream narrative of a landslide Biden victory with no election fraud seems to contradict the story playing out in the price action of $RGR. If confidence exists in a Biden victory, traders simply aren't...
I think RGR drops here after dividends (yesterday) and Biden getting elected.
Everyone's pre-buying now, doubt they do well next year, regardless of any regulations. Got into some pts this morning, I think there's still room to make money on this. Note 2 hr chart also shows MFI declining.
Simple idea. Price has returned to the area where buyers gapped it up and ran with it last time. Look for signs of buyers coming in. That's it. No indicators or complications. Keep this in your sights.
Fundamental Analysis
Net Margin 10.3%
P/FCF 13.36 (Very Good)
Debt/Eq 0 (Very good)
Quick Ratio 3.7 (good)
**Price Target $92**
The data here is substantially better than Smith & Wesson which hosts a Net Margin of -9%, EPS this Y of -435%, and Debt/Eq level of 0.52. Ew!
RGR: Update the trend line. Above all time highs. Looks like we are getting to the top of the trend line. If we break that then I see clear skies. Guns have become more popular as the political climate continues to escalate. Overbought but still holding the trend line. Will look for entries tomorrow. Being at work kinda screwed me.
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We can see the upwards trending support and I'm expecting the price to come back down and test it again with another bounce off to the top. Also seeing some bullish divergences.
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With gun and ammunition selling out all over the country for consecutive weeks, Im expecting Ruger to have a very strong earnings and I don't believe that Rugers current price reflects that.
On top of all that the price is currently sitting above all major moving...
