Technical Analysis & The Stock Market
Monday, April 30, 2012
April 30, 2012 - Been Busy, Possible Short (MTW)
MTW has been trading in this slightly downward range the last 3 months. Hit the top today and dived down below the $14 support level on big volume.
Earnings on Thursday.
Something else to note, huge volume on May $13 puts (3000 compared to the other options volume on MTW around 50-200)
Something else to note. About 700,000 shares went in around 9:50 am that sent stock down 3-4%
Disclosure: I am in $MTW $13 puts since last week
Share to Twitter
Share to Facebook
Share to Pinterest
Post a Comment
Post Comments (Atom)