Goodyear: Ready for some Upside?

gt New York, October 10th (TradersHuddle.com) - Shares of The Goodyear Tire & Rubber Company (NYSE:GT) ended the trading session higher by $0.03 or 0.2% from its previous close. Goodyear's price action developed what can be considered a reversal pattern in the form of a tweezer bottom, which is a candlestick pattern that is usually formed at the end of a downtrend. The tweezer bottom is considered a reversal pattern, so traders will need to monitor the price action for confirmation.

The Goodyear Tire & Rubber Company (NYSE:GT) main activities are to develop, manufacture, market and distribute tires and rubber products. The products include lines of power transmission belts, hoses, rubber products for transportation industry and rubber-related chemicals for various applications. The company

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Company ID [INDEXDJX:.DJI] Last trade:16,418.94 Trade time:10:47AM EDT Value change:▲10.40 (0.06%)
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Company ID [INDEXSP:.INX] Last trade:1,864.83 Trade time:10:47AM EDT Value change:▼0.02 (0.00%)
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Company ID [INDEXNASDAQ:.IXIC] Last trade:4,086.96 Trade time:10:47AM EDT Value change:▼8.56 (-0.21%)

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