Manitowoc, Testing resistance after a shallow pullback (NYSE:MTW)

by Josh Manitowoc Co. ($MTW) was last at $21.23 +0.71 (3.46%) on a volume of 175,889 shares here at 10 am EST.

Shares are nearing a new 52 week high and testing the prior resistance level. Technical traders will view the shallow August pullback and subsequently narrow range with a bullish bias.

Shares are trading above both the 50 day and 200 day moving average.

52 Week Range $12.40-$21.50 Market Cap 2,829,617,415 Average Volume 2,007,101 Dividend Yield 0.39% Institutional Ownership 78.90% Insider Ownership: 1.70% Percentage of Float Short 7.20% Beta 3.23

Manitowoc Co Inc is a multi-industry, capital goods manufacturer. It operates in two business markets namely, Cranes and Related Products and Foodservice Equipment.

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