Goodyear Down On Q3 Report

Filed under: Earnings Reports, Goodyear Tire and Rubber (GT)

The Goodyear Tire & Rubber Company (GT) was down big this afternoon. At one point, shares were off by over 9% to a quote of $10.53. The 52-week low for the stock is $9.10; the 52-week high is $16.48. Volume, as you might have guessed, is robust. I would therefore categorize the sentiment in this entity as decidedly bearish.



The one-year chart hammers home the notion. The downtrend is clearly noticeable. Of course, generally speaking, buying lower is preferable to buying higher. Do the third-quarter numbers give us a reason to seriously consider this name on the pullback?

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Goodyear Down On Q3 Report originally appeared on BloggingStocks on Thu, 28 Oct 2010 17:00:00 EST. Please see our terms for use of feeds.

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