52 Week Low: Manpower

Published on Monday, 23 July 2012 11:34 Written by TradersHuddle Wire

New York, July 23rd (TradersHuddle.com) - Shares of Manpower Inc. (NYSE:MAN) booked a new 52 week low by trading below $31.81. Traders are definitely monitoring Manpower's price action to see if this move attracts further selling, or if this last push down sets a tradable bottom in the stock.

Manpower Inc. (NYSE:MAN) provides employment services through offices located around the world. Its principal operations include temporary staffing services, contract services, and training and testing of temporary and permanent workers.

Manpower is currently trading -4.57% versus its previous trading session close, and it has calculated support and resistance at $32.78 and $36.15 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 -1.43% from its previous trading close, which means that Manpower stock is underperforming the overall market.