Rolls Royce Plc

Rolls Royce Plc has gained more than 350% since 2009 lows, and seems to be reaching a long term resistance & short term upside looks limited. 850 is about the short term 50DMA support, and of course a better entry would be at 750-800, but that would probably take a global economic slowdown soon.

Of interest is that Rolls Royce started off as a luxury car maker, but now its mostly in the aerospace industry, & BMW was an airplane engine maker & now owns Rolls Royce Motors & making only luxury cars. A change of roles over a hundred years but both their stock price performance since 2009 are fairly similar at >300% gain, with Rolls Royce ahead.


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