MTW Break Out Passed $56 Resistance

Blain Reinkensmeyer
Posted on Thu 16th Nov, 2006 10:13:47 AM

MTW 111606.JPGStraight from our watchlist here at StockTrading101, shares of Manitowoc Co (MTW) broke out of its nearly 1 month base yesterday to close at $56.51. The stock traded up on 847,100 shares, which though is accumulation is still barely over its daily average volume. Today thus far the stock has barely traded any volume, and is sitting at a real time last of $56.67. We will continue to keep an eye on it and see where it goes from here. Your buypoint on this one was $56.10 and a effective stop loss could be placed at $53.

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