Today's Technical View on Chicago Bridge & Iron, Quanta Services, Manitowoc, and AGCO Corp.
Today's Technical View on Chicago Bridge & Iron, Quanta Services, Manitowoc, and AGCO Corp. PR Newswire LONDON, April 16, 2013 LONDON, April 16, 2013 /PRNewswire/ -- Markets continued their fall as the growing concerns about the economic growth rate weighed the stocks down. The industrial goods sector also suffered as companies like Chicago Bridge & Iron Company NV (NYSE: CBI) and Quanta Services Inc. (NYSE: PWR) showed steep declines on Monday. Other major companies such as Manitowoc Company Inc. (NYSE: MTW) closed 8.66 percent lower while AGCO Corporation (NYSE: AGCO) also showed a bearish trend. StockCall initiated free in-depth technical analysis on CBI, PWR, MTW, and AGCO which are currently available upon sign up at http://www.stockcall.com/research Chicago Bridge & Iron Company NV traded in the range of $51.78 and $56.20 in its latest trading session. Its volume stood at 4.74 million shares, up from its average daily volume of 1.99 million. The company's stock closed Monday's session at $52.55, down 6.93 percent. The stock is currently trading below its short-term moving average price of $52.81, showing a bearish trend. In the coming sessions, Chicago Bridge & Iron is expected to go as high as $53.38, while its first support level is at $52.24. The stock trades at beta of 2.31, making it a volatile stock to own. It has appreciated 17.56 percent on a YTD basis while its 52 weeks gain stands at 25.21 percent. Sign up for the free technical analysis on CBI at http://www.StockCall.com/CBI041613.pdf Quanta Services Inc. closed its Monday's trading session at $26.71, down 4.81 percent from its previous close. The stock shows a bearish trend but currently is in the oversold territory with its Relative Strength Index at 36.18. It is likely to go up in the coming trading sessions and may find resistance at $26.91. Upon breaching this level, it may go up to $27.85 level. The company's stock traded 1.85 million shares during yesterday's session, and it oscillated in the range of $26.69 and $27.76. The stock has appreciated 28.78 percent in the past 52 weeks while its price range for the said period is between $20.52 and $29.94. Download the free report on PWR by registering at http://www.StockCall.com/PWR041613.pdf Manitowoc Company Inc. made a downward movement with a 8.66 percent loss in its latest trading session. The company's stock ended at $16.99 and its highest price point for the session stood at $18.40. In the past 12 months, the stock has appreciated 21.88 percent while its YTD gain stands at 11.63 percent. MTW trades at beta of 3.19, which implies high volatility. It traded 5.54 million shares during Monday's session, in comparison to its regular daily volume of 2.44 million shares. Manitowoc commands market capitalization of $2.26 billion. The free report on MTW can be downloaded by signing up now at http://www.StockCall.com/MTW041613.pdf AGCO Corporation trimmed its 52 weeks gain to 6.97 percent by closing its previous trading session 5.70 percent lower. The stock closed at $48.02, with trading volume of 1.87 million shares. It is down 0.1 percent on a YTD basis. The company's stock is currently in a bearish mode and is expected to go up to $49.47 in the coming trading sessions. Its next resistance level is at $50.16. On the downside, it is expected to face its first support level at $47.82. AGCO traded in the range of $38.09 and $50.59 in the past 52 weeks. Free report on AGCO can be accessed by registering at http://www.StockCall.com/AGCO041613.pdf About StockCall.com StockCall.com is a financial website where investors can have easy, precise and comprehensive research and opinions on stocks making the headlines. Sign up today to talk to our financial analyst at http://www.stockcall.com SOURCE StockCall.com Contact: Contact Person: William T. Knight, Email: email@example.com, Contact Number: +1(646)396-9857 (9:00 am EST - 01:30 pm EST)