Entry Point for MTW

[fizzziks]

What is a good entry point for MTW? I've been researching this company for quite a few days and like it so far, but I don't know any TA to make an entry point decision. Can anyone help me out?

[timmhaan]

What is a good entry point for MTW? I've been researching this company for quite a few days and like it so far, but I don't know any TA to make an entry point decision. Can anyone help me out?

nowish seems like a decent time to enter with a stop loss around 6.25. it recently pulled back, bounced off support, and quickly resumed the uptrend. that's a good sign. it's also strong relative to the SP500.

watch it as it nears $8.00. should be resistance there. you might want to take profits if it can't break through that level.

[shulink]

The stock is pretty bulllish. However be aware of the coming resistance at $8.

[Florida]

A good entry was a the close on the 9th of March!!!

At this point, I do not see any meaningful support until you get down to around $5, some 35% below the current levels. The long term trend is still down, and while it has not broken it's current short term uptrend, I believe there is a stronger case technically to go lower.

It is already up almost triple it's March lows, and does not really have the fundamental reasons to back this move up. About $17 in debt for every dollar it has on hand, and appears to be burning through cash almost as fast as the auto manufacturers.

Any entry at this point would just have to be with an arbitrary stop based on how much you are willing to risk. I would be more interested if it were to break through the recent highs around $8, then pullback to the uptrend line, and maybe have some good news out as a catalysy to take it higher.