Ferro Looking at the Abyss

Facebook (FB)

Apple (AAPL)

JP Morgan (JPM)

Yahoo (YHOO)

Microsoft (MSFT)

Ventas Declares Regular Quarterly Dividend of {loadposition newstories}.62 Per Share

Nucor To Acquire Skyline Steel LLC

Best ETFs For Facebook Exposure

Are the Bears Taking Control over F5 Networks?

Chico's FAS Reports First Quarter Earnings

Ferro Looking at the Abyss

Published on Wednesday, 14 December 2011 11:34 Written by Danny Miller

foe New York, December 14th (TradersHuddle.com) - Shares of Ferro Corporation (NYSE:FOE) booked a new 52 week low by trading below $4.69, traders are definitely monitoring Ferro's price action to see if this move attracts further selling, or it this last push down sets a tradable bottom in the stock.

Ferro Corporation (NYSE:FOE) produces performance materials for industry. The Company produces a variety of coatings, colors, ceramics, chemicals, plastics, and related products. Its primary markets are building and renovation, major appliances, household furnishings, transportation, industrial products, packaging, and leisure products.

Ferro is currently trading -0.21% versus its previous trading session close, and it has calculated support and resistance at $5.19 and $6.00 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 lower by -1.12% from its previous trading close, which means that Ferro stock is outperforming the overall market.

Ferro Stock Hits New 52-Week Low (FOE) - TheStreet.com
Ferro Reports Q1 EPS $0.04 vs $0.02 Est; Revenues $466M vs $493.43M Est - Benzinga
UPDATE: Deutsche Bank Raises PT to $7.50 on Ferro - Benzinga
Ferro Stock Falls On Unusually High Volume (FOE) - TheStreet.com
Ferro Joint Venture in China to Supply Rare-Earth-Based Compounds for Glass Polishing Market - Benzinga
Ferro Stock Hits New 52-Week Low (FOE) - TheStreet.com
Ferro Stock Hits New 52-Week Low (FOE) - TheStreet.com
Ferro Rises On Unusually High Volume (FOE) - TheStreet.com
Ferro Corp (FOE): Today's Featured Chemicals Loser - TheStreet.com
Ferro Stock Hits New 52-Week Low (FOE) - TheStreet.com

Real Money Pro from TheStreet: Headlined by legendary hedge fund manager Doug Kass, our team of market technicians and professional traders hand you unique perspectives and breakthrough investment opportunities. Access this exciting service -- Real Money Pro -- FREE, right now!