Don't Ignore This Chart

Manitowoc (MTW) Tries To Change Trend

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Manitowoc is trying to break the downward trend. There are a few bullish signals on the chart. The Full Stochastic is moving above 50. The PPO is kicking off a buy signal this week. There is a little four month trend across the highs on the chart that could quickly be broken with a sudden surge. Late July 2017 was a fabulous surge to get on board for a 40% move. 


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Good trading,
Greg Schnell, CMT, MFTA
Senior Technical Analyst, StockCharts.com
Author, Stock Charts for Dummies

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Greg Schnell
About the author: , CMT, is a Senior Technical Analyst at StockCharts.com specializing in intermarket and commodities analysis. Based in Calgary, he is a board member of the Canadian Society of Technical Analysts (CSTA) and the chairman of the CSTA Calgary chapter. He is also the author of Stock Charts for Dummies (Wiley, 2018). Learn More
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