A 52 Week Low for Iron Mountain

Published on Friday, 27 August 2010 11:37 Written by TradersHuddle Staff

New York, August 27th (TradersHuddle.com) - Shares of Iron Mountain Incorporated (NYSE:IRM) booked a new 52 week low by trading below $20.42, traders are definitely monitoring Iron Mountain's price action to see if this move attracts further selling, or it this last push down sets a tradable bottom in the stock.

Iron Mountain Incorporated (NYSE:IRM) provides records and information management services to customers worldwide. The Company offers records management services for both physical and digital media, disaster recovery support services, and consulting.

Iron Mountain is currently trading 0.88% versus its previous trading session close, and it has calculated support and resistance at $21.13 and $25.81 respectively. Clearly with this action this range has been penetrated, and traders will be reviewing price action to establish a new tradable range

The overall market index S&P 500 is trading higher by 1.13% from its previous trading close, which means that Iron Mountain stock is underperforming the overall market.