Is Goodyear Resistance Ahead?

Published on Thursday, 09 August 2012 06:08 Written by TradersHuddle Wire

New York, August 9th (TradersHuddle.com) - The Goodyear Tire & Rubber Company (NYSE:GT) closed the trading session at $11.63, near its 200 day moving average set at $12.20. Goodyear's stock action is below this level, which makes the stock difficult to be bought, as it will face resistance as it approaches its 200 day moving average.

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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