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.

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

Recent 52-Week Low Surpassed in Shares o...

World Acceptance (NASDAQ:WRLD) traded today at a new 52-week low of $66.83. This new l ...

Watch for Continued Losses in Shares of ...

Shares of Westport Innovations (NASDAQ:WPRT) traded at a new 52-week low today of $7.40 ...

Shares of Wausau Paper Fall to a New 52-...

Shares of Wausau Paper (NYSE:WPP) traded today at $7.82, breaking its 52-week low. So ...

Encore Wire: The Losing Streak Continues...

Encore Wire (NASDAQ:WIRE) traded today at a new 52-week low of $36.27. This new low wa ...

Walter Investment Management Looks to Co...

Walter Investment Management (AMEX:WAC) traded at a new 52-week low today of $21.30. S ...

Watch for Continued Losses in Shares of ...

Volcano (NASDAQ:VOLC) traded today at a new 52-week low of $10.36. So far today approx ...

Shares of Meridian Bioscience Fall Below...

Meridian Bioscience (NASDAQ:VIVO) traded today at a new 52-week low of $17.46. This ne ...

Shares of Ur-Energy Fall Below Previous ...

Ur-Energy (AMEX:URG) traded today at a new 52-week low of $0.98. Approximately 1 milli ...