Date: 2013-08-01

RBC Bearings (ROLL) Crosses Pivot Point Resistance at $30.73

SmarTrend has detected shares of RBC Bearings (NASDAQ:ROLL) have bullishly opened above the pivot of $29.83 today and have reached the first resistance level of $30.73.

We are watching for a cross of the next upside pivot targets of $31.23 and $32.63. Also, the shares should find initial support at the 50-day moving average of $29.08 and further support at the 200-day moving average of $26.95.

SmarTrend, our proprietary pattern recognition system, alerted subscribers to sell shares of RBC Bearings on July 02, 2010 at $28.29. Since the call, the stock has fallen -9.7%.

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