Date: 2013-08-01

Watch for Shares of RBC Bearings (ROLL) to Approach Resistance at $31.18

SmarTrend has detected shares of RBC Bearings (NASDAQ:ROLL) have bullishly opened above the pivot of $30.07 today and have reached the first resistance level of $30.71.

We are watching for a cross of the next upside pivot targets of $31.18 and $32.29. Also, the shares are currently trading above the 50-day moving average of $30.29 and above the 200-day moving average of $26.36.

SmarTrend, our proprietary pattern recognition system, alerted subscribers to buy shares of RBC Bearings on June 02, 2010 at $28.77. Since the call, the stock has risen 7%.

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