Wednesday, December 20, 2017 12:12:34 PM
This morning, leading recreational vehicle (RV) manufacturer Winnebago Industries Inc (NYSE:WGO) is coming under selling pressure after reporting earnings. The RV giant traded as high as $58.65 at the open before rolling over. Currently, WGO stock is trading lower by $4.20 to $53.20 a share. The daily chart pattern is now signaling a high volume reversal day (bearish engulfing bar) and this should lead to further downside in the coming trading sessions. Traders should now watch for important daily chart support around the $49.00 level. This level is where the stock broke out of a weekly chart base in mid-November.
Nicholas Santiago
InTheMoneyStocks
Recent WGO News
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
