Mettler-Toledo Breaking Out?

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Mettler-Toledo Breaking Out?

Published on Thursday, 19 January 2012 17:44 Written by Christian Paolinetti

New York, January 19th (TradersHuddle.com) - Shares of Mettler-Toledo International Inc. (NYSE:MTD) closed the trading session at $172.03 just above calculated resistance at $164.09 moving to what appears to be a new range, as this move will clearly raise the attention of momentum buyers.

Mettler-Toledo International Inc. (NYSE:MTD) manufactures weighing instruments for use in laboratory, industrial, and food retailing applications. The Company also supplies several related analytical and measurement technologies.

Mettler-Toledo's stock was trading in a well defined range with support at $142.82 and resistance at $164.09, given that this range was broken traders will be closely monitoring the stock

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