Regency View:

TAKE PROFITS Renold (RNO)

Close Renold (RNO) at 44.7p

As we continue our AIM Investor spring clean, we turn our attention to industrial chain maker Renold (RNO)…

Renold has been on a stellar run during recent months with the shares carving out a strong uptrend.

The shares have rallied more than 66% since mid-November which, for a cyclical stock that has a forecasted contraction in earnings per share (EPS), looks high.

With this in mind, we are going to take profits into Renold’s recent strength.  

P/L = +94.4%

RNO Daily Candle Chart