Rexnord (RXN) was downgraded by TheStreet's quantitative service and the chart is rolling over -- not a great combination.
In this daily chart of RXN, above, we can see a rally from the January low, but the entire rally lacked volume. Notice how flat the On-Balance-Volume (OBV) line is? No aggressive buying here. Prices rallied over the 50-day and 200-day averages on the way up, but prices have turned down again. RXN is back below the 50-day and is close to breaking the 200-day line. Also, we can see a bearish divergence between the higher highs in the February/April rally and the same levels on the momentum study.
In this weekly chart of RXN, above, we can see the rally above the 40-week moving average line. The line has turned flat and prices are moving back down toward it. The OBV line has shown only a very limited improvement on this chart. The MACD oscillator has moved back up to the zero line, which is a positive, but the two lines have begun to narrow again and could soon flash a new sell signal. With a quant downgrade to boot, you should take RXN off your shopping list.