I read the Motley Fools every once in a while, they sure are fools.
Volume Spike Detected in Shares of Manitowoc as They Move Higher on 2x Above-Average Volume (MTW) 13 minutes ago - Comtex SmarTrend(R) via Comtex Comtex SmarTrend(R) Shares of Manitowoc (NYSE:MTW) are trading up 0.4% to $22.50 today on above average volume. Approximately 5.4 million shares have traded hands today vs. average 30-day volume of 2.7 million shares.
Spikes in volume can validate a breakout or signify a potential turning point. As such, SmarTrend will continue to monitor shares of MTW to see if this bullish momentum will continue.
SmarTrend currently has shares of Manitowoc in an Uptrend and issued the Uptrend alert on September 20, 2010 at $10.91. The stock has risen 105.6% since the Uptrend alert was issued.
In the last five trading sessions, the 50-day MA has climbed 1.27% while the 200-day MA has risen 1.87%.
In the past 52 weeks, shares of Manitowoc have traded between a low of $8.48 and a high of $23.23 and are now at $21.69, which is 156% above that low price.
Why do people keep using the wrong terms. The entity receiving a loan is the borrower. The entity providing the loan lends the money. To make a statement, no one borrow them money is an incorrect statement.