RBC Bearings (ROLL) Breaks Through Resistance at $32.70

Resource from: CBCC Likes:2935

May 13,2010

SmarTrend has detected shares of RBC Bearings (NASDAQ:ROLL) have bullishly opened above the pivot of $30.22 today and have reached the first resistance level of $32.70. We are watching for a cross of the next upside pivot targets of $34.27 and $38.32. Also, the shares should find initial support at the 50-day moving average of $30.33 and further support at the 200-day moving average of $25.29. SmarTrend, our proprietary pattern recognition system, alerted subscribers to sell shares of RBC Bearings on May 05, 2010 at $30.42. Since the call, the stock has fallen -7.8%.

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