Don't Ignore This Chart!

Manitowoc (MTW) Tries To Change Trend


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,
Author, Stock Charts for Dummies

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Greg Schnell
About the author: , CMT, is a Senior Technical Analyst at specializing in intermarket and commodities analysis. He is also the co-author of Stock Charts For Dummies (Wiley, 2018). Based in Calgary, Greg is a board member of the Canadian Society of Technical Analysts (CSTA) and the chairman of the CSTA Calgary chapter. He is an active member of both the CMT Association and the International Federation of Technical Analysts (IFTA). Learn More
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