Brink's @ Year Lows

Published on Monday, 25 June 2012 12:34 Written by TradersHuddle Wire

New York, June 25th (TradersHuddle.com) - Shares of Brink's Company (NYSE:BCO) booked a new 52 week low by trading below $21.16. Traders are definitely monitoring Brink's price action to see if this move attracts further selling, or if this last push down sets a tradable bottom in the stock.

The Brink's Company (NYSE:BCO) is a leading global security services company with operations in over 50 countries. The Company provides armored car transportation, ATM servicing, currency and coin processing and other value-added services to banks, retailers and other commercial and governmental agencies around the world.

Brink's is currently trading -2.37% versus its previous trading session close, and it has calculated support and resistance at $21.21 and $22.64 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 -1.7% from its previous trading close, which means that Brink's stock is underperforming the overall market.