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RBC Bearings Incorporated (ROLL) Moves Lower on Volume Spike for January 18

Release Time£º19 Jan,2018

<p style="text-align:center;box-sizing:border-box;margin-top:0px;margin-bottom:10px;font-size:17px;line-height:1.5;color:#333333;font-family:'Open Sans', sans-serif;white-space:normal;background-color:#FFFFFF;"> <img src="/membcentre/editor/attached/image/20180119/20180119161117_45307.jpg" alt="" /> </p> <p style="box-sizing:border-box;margin-top:0px;margin-bottom:10px;font-size:17px;line-height:1.5;color:#333333;font-family:'Open Sans', sans-serif;white-space:normal;background-color:#FFFFFF;"> RBC Bearings Incorporated (ROLL) traded on unusually high volume on Jan. 18, as the stock lost 1.57% to close at $126.27. On the day, RBC Bearings Incorporated saw 165,088 shares trade hands on 2,610 trades. Considering that the stock averages only a daily volume of 82,694 shares a day over the last month, this represents a pretty significant bump in volume over the norm.<br /> <br /> Generally speaking, when a stock experiences a sudden spike in trading volume, it may be seen as a bullish signal for investors. An increase in volume means more market awareness for the company, potentially setting up a more meaningful move in stock price. The added volume also provides a level of support and stability for price advances.<br /> <br /> The stock has traded between $139.95 and $87.61 over the last 52-weeks, its 50-day SMA is now $125.41, and its 200-day SMA $112.03. RBC Bearings Incorporated has a P/B ratio of 3.98. It also has a P/E ratio of 43.5.<br /> <br /> RBC Bearings Inc is a manufacturer and marketer of engineered precision plain, roller and ball bearings. It operates in four business segments namely roller bearings, plain bearings, ball bearings, and engineered products.<br /> <br /> Headquartered in Oxford, CT, RBC Bearings Incorporated has 3,401 employees and is currently under the leadership of CEO Michael J. Hartnett. </p>
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