Free stock pick for 04/01/2011
Maintowoc Co Inc (MTW) - Long
On the daily chart we can see that MTW try for new high is 3rd try and this can be very positive, but also we know that if 3rd try wont work we can see strong reversal. Because of that I will use intraday (15 min) consolidation for trading plan. MTW can be used for day trade but also can turn in to swing. This is situation what I like and that mean with intraday setup we can see swing move.
Earnings growth in the past year has accelerated moderately compared to earnings growth in the past three years (positive). The most recent quarterly earnings report was significantly lower than analysts' consensus forecast (negative).
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Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.
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