MTW Break Out Passed $56 Resistance
Posted on Thu 16th Nov, 2006 10:13:47 AM
Straight 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.
More on this topic
(What's this?)
Selling Call Options: How To Instantly Turn Your Stocks Into Passive Income
(Investment U, 11/13/06)
It’s the Economy Stupid!
(the Underground Investor, 9/28/06)
Trading LEAPS Options: The Most Profitable Five-Letter Word In Options
(Investment U, 9/9/06)