Monday, August 07, 2017 12:41:50 PM
Cooper Tire & Rubber Company (NYSE:CTB) is a leading tire manufacturer that has been steadily trading lower on the charts over the past few months. The stock peaked out at $44.50 a share on April 3rd, 2017, today CTB stock is trading at $34.97. Traders should note that the stock hit its 200-week moving average today and this should serve as short term chart support. Please understand, a close below the $34.00 level on a weekly basis could trigger a further decline.
The institutional buy level for CTB stock will be around the $30.50 level. This is a chart area where the stock was defended in June 2016. This price level will usually be defended again by the institutional crowd when it is retested.
Nicholas Santiago
InTheMoneyStocks
NanoViricides Reports that the Phase I NV-387 Clinical Trial is Completed Successfully and Data Lock is Expected Soon • NNVC • May 2, 2024 10:07 AM
ILUS Files Form 10-K and Provides Shareholder Update • ILUS • May 2, 2024 8:52 AM
Avant Technologies Names New CEO Following Acquisition of Healthcare Technology and Data Integration Firm • AVAI • May 2, 2024 8:00 AM
Bantec Engaged in a Letter of Intent to Acquire a Small New Jersey Based Manufacturing Company • BANT • May 1, 2024 10:00 AM
Cannabix Technologies to Deliver Breath Logix Alcohol Screening Device to Australia • BLO • Apr 30, 2024 8:53 AM
Hydromer, Inc. Reports Preliminary Unaudited Financial Results for First Quarter 2024 • HYDI • Apr 29, 2024 9:10 AM
