RGR has encountered multiple tops near 52.00. Support is near 44.00. It moved outside the two standard deviation Bollinger Band after earnings and appears to be reverting to the mean. Projection Bands and the Projection Oscillator are indicating overbought for now. Fundamentals suggest that sales will continue to be high for the next 4 years. After RGR pulls back and consolidates it will most likely move higher. The Dec 45/40 Bull Put Spread is currently trading for .80. Setting a Limit order for 1.45 should enter around 46 or 1.75 for an entry around 45.
