Goodyear Is Near Resistance
Published on Thursday, 16 August 2012 06:04 Written by TradersHuddle Wire
New York, August 16th (TradersHuddle.com) - Shares of The Goodyear Tire & Rubber Company (NYSE:GT) are trading very close to calculated resistance at $11.97. The stock ended the trading session at just $11.64, which is near levels that make it difficult to buy or start a position.
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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