• user warning: Table './fnndrupaldev/term_node' is marked as crashed and last (automatic?) repair failed query: SELECT t.* FROM term_node r INNER JOIN term_data t ON r.tid = t.tid INNER JOIN vocabulary v ON t.vid = v.vid WHERE r.vid = 429673 ORDER BY v.weight, t.weight, t.name in /var/www/www.fnno.com/htdocs/modules/taxonomy/taxonomy.module on line 617.
  • user warning: Table './fnndrupaldev/sessions' is marked as crashed and last (automatic?) repair failed query: SELECT COUNT(sid) AS count FROM sessions WHERE timestamp >= 1417188016 AND uid = 0 in /var/www/www.fnno.com/htdocs/includes/session.inc on line 111.
  • user warning: Table './fnndrupaldev/sessions' is marked as crashed and last (automatic?) repair failed query: SELECT DISTINCT u.uid, u.name, s.timestamp FROM users u INNER JOIN sessions s ON u.uid = s.uid WHERE s.timestamp >= 1417188016 AND s.uid > 0 ORDER BY s.timestamp DESC in /var/www/www.fnno.com/htdocs/modules/user/user.module on line 765.

Manitowoc's Shares Changing Hands at Higher Prices on 1.2x Above-Average Volume (MTW)

Published on Fri, 01/25/2013 - 14:15
By Peter Chu

The price of Manitowoc shares has climbed to $17.65 (a 4.1% change) on heavy trading volume. Approximately 3.1 million shares have changed hands today vs. average 30-day volume of 2.5 million shares. Unusually high volume can signify a potential turning point or validate a breakout.

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.

Over the past year, Manitowoc has traded in a range of $9.60 to $17.70 and is now at $17.65, 84% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 1.3%.

Manitowoc has overhead space with shares priced $17.65, or 10.2% below the average consensus analyst price target of $19.65. The stock should find initial support at its 50-day moving average (MA) of $15.43 and further support at its 200-day MA of $13.28.

By Peter Chu
pchu@fnno.com

Latest News from FNNO

Standard Pacific In Retrospect: Shares U...

A week ago, Raymond James downgraded Standard Pacific from Outperform to Market Perform ...

Analyst Rating In Review: Ross Stores Bi...

Ross Stores was upgraded from Sell to Hold by Maxim one week ago. Ross Stores shares a ...

Analyst Rating Flashback: Wolverine Worl...

DA Davidson upgraded Wolverine World Wide (NYSE:WWW) from Neutral to Buy a week ago. T ...

St Jude Medical Fulfills the Promise: Up...

Cowen and Company upgraded St Jude Medical (NYSE:STJ) from Market Perform to Outperform ...

Dillard's Defies the Rating: Up 6.8% Fai...

One week ago Dillard's (NYSE:DDS) was downgraded from Buy to Neutral at BofA/Merrill. ...

Analyst Rating In Review: Macerich Bid U...

A week ago, Keybanc downgraded Macerich from Buy to Hold. The stock closed at $79.06, ...

Cerner Up 0.2% Since Cowen and Company U...

One week ago Cerner (NASDAQ:CERN) was upgraded from Market Perform to Outperform at Cow ...

Alliant Energy In Retrospect: Shares Dow...

A week ago, Wunderlich downgraded Alliant Energy from Buy to Hold. Alliant Energy shar ...