Take Aim at Sturm, Ruger & Co.

The firearm manufacturer recently flashed a strong buy signal

Sturm, Ruger & Co. (NYSE:RGR) — This manufacturer of firearms to domestic customers has been able to avoid market slumps, and since June has appreciated by 50%.

RGR is a Zacks #1 (“strong buy”) and they look for earnings of $1.65 this year, up from $1.45. It is also a “strong buy” at Ford Equity Research.

In 2012, it is expected to earn $1.95. The company has topped earnings estimates for 10 of the last 11 quarters and pays a dividend of 2%.

Technically RGR fell under support at its 50-day moving average but quickly reversed on a Collins-Bollinger Reversal (CBR) buy (our proprietary indicator). And the stochastic recently flashed a strong buy. The trading target for RGR is $34.

Trade of the Day - Sturm, Ruger & Co. (NYSE:RGR)

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Article printed from InvestorPlace Media, https://investorplace.com/2011/10/trade-of-the-day-sturm-ruger-co-nyse-rgr/.

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