Myers Industries (MYE) Supports Industrial and Ag MarketsMyers Industries, Inc. (MYE) is a diversified manufacturer of polymer products and a distributor of tire repair and retread products. It serves a wide range of end markets including industrial, agriculture, automotive, and consumer goods. The company’s growth is supported by strong demand for durable plastic goods and its expanding distribution network across North America.
On the chart, MYE recently formed a confirmation bar with rising volume and moved above the .236 Fibonacci level, entering the momentum zone. This signals renewed buying interest and the potential for continued strength in the current trend. Traders can use the Fibonacci snap tool to set trailing stops near the .236 level, helping manage risk while staying positioned for further upside.
