Goodrich - 52 Week High

Published on Tuesday, 10 January 2012 11:34 Written by Christopher Lynn

New York, January 10th (TradersHuddle.com) - Shares of Goodrich Corporation (NYSE:GR) booked a new 52 week high today by trading above $123.89, traders are definitely monitoring Goodrichs price action to see if this move attracts further buying into the stock.

Goodrich Corporation (NYSE:GR) supplies aerospace components, systems, and services to the commercial, military, general aviation, and space industries.. The Company manufactures various aerostructures, aircraft evacuation systems, passenger restraint systems, sensor systems, pump and engine controls, de-icing systems, and other products.

Goodrich is currently trading 0.05% versus its previous trading session close, and it has calculated support and resistance at $82.32 and $122.33 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 1.08% from its previous trading close, which means that Goodrich stock is underperforming the overall market.