Stock Investors Bid Up Shares of Manitowoc, Up 2.0%

Published on Wed, 01/21/2015 - 14:02
By FNN Staff in Market movers, MTW, manitowoc, market movers, nyse:mtw

One of today's notable stocks on the rise is Manitowoc (NYSE:MTW), up 2.0% to $19.17. The Dow Jones Industrial Average is now trading 0.2% higher to 17,557 and the S&P is trading 0.5% higher to 2,032.

The Manitowoc Company, Inc. is a diversified industrial manufacturer of cranes and related products and foodservice equipment. The Company's products include lattice-boom cranes, tower cranes, mobile telescopic cranes, and boom trucks as well as ice making machines, refrigerators, and freezers.

There is potential upside of 23.1% for shares of Manitowoc based on a current price of $19.17 and an average consensus analyst price target of $23.58. The stock should run into initial resistance at its 50-day moving average (MA) of $19.88 and subsequent resistance at its 200-day MA of $25.56.

Manitowoc share prices have moved between a 52-week high of $33.50 and a 52-week low of $16.24 and are now trading 18% above that low price at $19.17 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.4% while the 200-day MA has slid 0.5%.

By FNN Staff
root@fnn-online.com

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