Apparently Wall Street Liked the New Manufacturing Plant Announcement
RGR has broken through several technical resistance levels today. Let's see where she closes. I view this as a positive trend sign. RGR probably still has some legs over the next few days before it may slow down. Let's see if the positive trend continues. It would be nice to get some short squeeze action running up to July 31 given the massive 25% short float.
The stock market looks 6 months in to the future. Ruger's goal is have the plant operating by the first quarter 2014. Since it will be immediately profitable, RGR should see a healthy increase in the next 4 months.
It also intends to be all new product lines. So, this is not about meeting extra demand of existing products, but rolling out new products. Hopefully, those new products are intended to capture market share from competitors in areas like shotguns, etc.