GBX Dive On Oil Tank Car Rule Fight
Greenbrier (NYSE:GBX) says the timetable is "tight but achievable." The rail car maker has invested millions to retrofit up to 2,040 cars a year vs. 600 today.
news.investors.com/business/100114-719762-greenbrier-trinity-stocks-fall-on-tank-car-regulation-debate.htm
GBX has had solid performance in 2014. The sell to $60 is panic selling which will be redeemed by slow fib increments back up to all time high. First resistance about $67, then $69. This company is solid. If the US govt decides to change oil regulations again, this will probably cause a drop in the stock price. But they have already made their laws, and now GBX has two years to comply.
news.investors.com/business/100114-719762-greenbrier-trinity-stocks-fall-on-tank-car-regulation-debate.htm
GBX has had solid performance in 2014. The sell to $60 is panic selling which will be redeemed by slow fib increments back up to all time high. First resistance about $67, then $69. This company is solid. If the US govt decides to change oil regulations again, this will probably cause a drop in the stock price. But they have already made their laws, and now GBX has two years to comply.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.