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Sturm, Ruger & Co. (RGR) Is Spiking Higher In Early Trade

Sturm, Ruger & Co. (RGR) gapped up at the open Wednesday and has spiked higher in early trade on above average volume. The stock is now up 3.97 at $52.96.

Sturm, Ruger & Co. has surged to a 1-month high, but may encounter some resistance around $56 per share.

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First quarter growth data from China gained the maximum focus this week as trends in the massive emerging economy impact its trading partners. Elsewhere, the IMF released its latest global macroeconomic projections. Read our story to find out why comments from the Fed Chair Powell damped rate cut expectations. Meanwhile, there was some survey data that kindled hopes of a recovery in manufacturing. In the U.K., inflation data for March revealed some confusing trends.

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