RGR a possible to buy

RGR looks to be in the process of a trend reversal. I want to warn you if you decide to chase a stock before it has been confirm or shows all the right signs, that you could get caught getting in to early. You might get lucky, but it is better to stack the cards.

RGR created a pivot low 7/6/10 and then  created a higher pivot low 7/19/10. After the second pivot low was created a lot a good things started to show up like, break out through the down trend line. It also is now above 50 on the RSI and price crossed above the 50 day moving average. So there is a lot of good things to look at here.

What we need is for RGR to create one more higher pivot low above the current down trend line and it will be confirmed. See the chart.