Looking at the weekly chart we see MTW has dropped down very near the bottom of its range dating back to 1996. And even with the support level from 2012. more recent price action saw a breakout above the resistance of the last 30 days. I'm in long aiming for a modest target of $40. Good Luck and Happy Trading!
MTW is printing a bullish candlestick over candlestick price bar on heavier above average volume right above its 50 DMA with my momentum/trending oscillators confirming the price move. I am going long MTW Tuesday morning using a limit (GTC-BUY-LMT) order @ 40.64. I will have two trailing sell stops (GTC-SELL-STP) @ 38.79 and 37.03 to protect my initial invested...
50 MA on weekly starting to turn up. looking for a break of the high with a decent gap to fill . $MTW
Manitowac $MTW has an ascending triangle after it's big drop of 17% last week. Rising support and a flat resistance line. Wait for the break out above resistance before buying.