Strum Ruger (RGR) hitting new highs

I know you all read about how when Obama first got into office there was a run on guns and ammunition.  Well now with all this stuff in the Middle East and Obama's foreign policy flip-flops there seems to be cause for a run on the stock of Strum Ruger (RGR).  I've tried to find some other reason for this recent run up in price but can't find it.  I am adding the stock to my Barchart Van Meerten New High portfolio based on its recent price movement.

Sturm Ruger & Co. (RGR) is principally engaged in the design, manufacture, and sale of firearms and precision metal investment castings. The company is the only U.S. firearms manufacturer which offers products in all four industry categories. The company's firearms consist of single-shot, autoloading, bolt-action, lever action, and muzzleloading rifles in a range of hunting calibers; shotguns in three gauges; .22 caliber rimfire autoloading pistols and centerfire autoloading pistols in various calibers; single and double-action, and muzzleloading revolvers.

Technical Factors:

• 96% Barchart technical buy signal
• Trend Spotter (tm) buy signal
• 15 new highs and up 28.54% in the past month
• Relative Strength Index 85.51% and rising
• Trades around 21.80 with a 50 day moving average of 17.11

Fundamental Factors:

• 4 Wall Street brokerage analysts follow the stock and presently have 2 strong buy and 2 hold reports for their brokers to push to clients

General Investor Sentiment:

• Over on Motley Fool the CAPS members vote 352 to 27 that the stock will outperform the market
• The more experienced All Stars agree 116 to 5.

Fear and uncertainty sometimes causes runs and hoarding of the items that people think they need to survive the worst conditions.  This looks like a good play to make a little profit off that fear.

Jim Van Meerten is an analyst for  Marketocracy Capital Management.  He shares his knowledge and experience from over 40 years of investing in stocks, mutual funds and ETFs on Barchart.com  in his daily blog -- Barchart Portfolio Blogs.