Is Now a Good Time to Consider Goodyear?

Filed under: Goodyear Tire and Rubber (GT), Stocks to Buy

The bear-hug formation by Goodyear Tire & Rubber Company (GT), on May 5, 2009 at a price of $13.30, appears to be over, and now may be good time to consider the shares.



After the August 30 stand aside observation, Goodyear continued to downtrend and took out key, psychological support at $10, dropping to a 2010 low of $9.10 in September. The stock has since move back above the $10 level, and closed Tuesday up 32 cents to $10.88, amid a broader market rally.

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Is Now a Good Time to Consider Goodyear? originally appeared on BloggingStocks on Tue, 05 Oct 2010 16:40:00 EST. Please see our terms for use of feeds.

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