Rolls-Royce Holding PLC (ADR)(OTCMKTS:RYCEY) was notable decliner during Wednesday’s trading session declining by 2 % on heavy volumes, which were 4 times the daily average. The stock has been in a strong downtrend and has underperformed the broader indices.Rolls Royce has been forming lower tops and lower bottoms indicative of the strong bearish momentum and has broken below the key support level at $9.61.The oscillators, which measure momentum, are clearly indicating that bears are using every rally as a selling opportunity. The index for relative strength has given a fresh sell signal, which is considered to be a bearish sign.
Rolls-Royce Holding PLC (ADR)(OTCMKTS:RYCEY) announced that it would take part in the International Workboat Show 2015 to showcase his latest power innovations, including MTU Commercial Marine. As per the reports, the show’s being held at the Morial Convention Center in New Orleans between December 1 and December 3, 2015.
MTU is a well-known part of Land & Sea division of Rolls-Royce.
Insights of The Matter
Reports claim that the company has booked booth No. 1701 where it will showcase it renowned MTU 8V 4000 M54 Ironmen commercial marine engine. These engines are certified for U.S. EPA Tier 3 emissions regulations and come along with 8-, 12-, or 16-cylinder configurations for different applications in diesel-electric propulsion and diesel-mechanical systems. Apart from them, these engines can also be used in on-board gensets and MTU hybrid propulsion systems.
These engines are installed in diesel-mechanical systems and can easily cover varied power requirements ranging from 1,000 to 2,680 bhp. All the visitors paying a visit to the booth will also get a chance to look at the Selective Catalyst Reduction system of the company. At present, this system is available only for demonstration. As soon as it is released, it will enable the new MTU series engines to be compliant with IMO Tier III and EPA Tier IV emission regulations.
The senior management team of Rolls-Royce is delighted to make this announcement and hopes that this initiative will enhance the awareness about its MTU engines among users. Additionally, it will also be a great opportunity for the company to interact with customers and know their feedback.
No Demerger – Says Rolls Royce
Meanwhile Rolls-Royce has announced that it’s not interested in demerger proposed by a set of investors. Earlier a group of investors suggested the company to demerge its aero-engine business, but it denied saying that it had other plans to grow the business. Details of proposed actions will be announced shortly.