New Trend Development for Worthington Industries (WOR)
Published on 07/21/2010 by Leo Goldman
NEW YORK (Market Intellisearch) -- Shares of WOR crossed below the critical 50-day
moving average of $13.84. The location of a stock price when analyzed against the moving average can aid
in predicting future short term momentum. Trading activity for shares of Worthington Industries may indicate that the
shares of WOR may head lower assuming that the moving average continues downward direction.
The volume of shares exchanging hands is greater than average daily volume of 862,725 of shares.
Other relevant figures to examine are the support and resistance levels for WOR. Worthington Industries settled at $13.27 $0.62(-4.46%),
based on the pivot points, the current support and resistance levels are 12.98 and 13.83 respectively. If the support point price is broken in an downward movement, then the bearish trend is likely to continue and vice versa.
Disclaimer: The material presented in this commentary is provided for informational purposes only and is based upon information that is
considered to be reliable. Neither Market Intellisearch nor its affiliates warrant its completeness, accuracy or adequacy and it should not be relied upon as
such. Neither Market Intellisearch nor its affiliates are responsible for any errors or for results obtained from the use of this information.
This material is not intended as an offer or solicitation for the purchase or sale of any security or other financial instrument. Securities or other financial
instruments mentioned in this material are not suitable for all investors. Any opinions expressed herein are given in good faith, are subject to change without
notice. Before acting on any information contained on the website, you should consider whether it is suitable for your particular circumstances and strongly
consider seeking advice from your own financial or investment adviser.
