RGR has been forming a cup and handle dating back to 11/21/13. If the stock closes where it is right now at 81ish, it looks like it will have broken out above the cup lid and we are headed higher, probably to the 90s. However, we may see a backtest of the cup lid to form the "handle."
Big mistake if you sold out, though 12/30/13 was touch-and-go because the stock fell below it's upward trend line dating back to August of 2013, but recovered by end of day. Maybe that day was a stop run by the big boys.
I plan to sit tight until earnings report in end of February. I want to see what the new plant in Mayodan is contributing. That could be a game-changer that blows the roof off of this stock. RGR is bottlenecked right now because they have much more demand than manufacturing capacity. The extra manufacturing lines at Mayodan could open up massive earnings jumps, plus new products. Earnings will be strong and we are fast approaching an amount of cash on hand that will result in a big, fat special dividend to squeeze the shorts.