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Goodyear Tire (GT) Crosses Pivot Point Resistance at $23.18

By David Diaz

Shares of Goodyear Tire (NASDAQ:GT) opened today above their pivot of $22.83 and have already reached the first level of resistance at $23.18. Investors may be interested in a cross of the next upside pivot targets of $23.37 and $23.91.

In the past 52 weeks, shares of Goodyear Tire have traded between the current low of $0.00 and a high of $36.07 and are now at $0.00. Over the past week, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has remained constant.

Goodyear Tire has overhead space with shares priced $0.00, or 100.0% below the average consensus analyst price target of $34.29. The stock should run into initial resistance at its 50-day moving average (MA) of $23.44 and subsequent resistance at its 200-day MA of $27.49.

SmarTrend is monitoring the recent change of momentum in Goodyear Tire. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Goodyear Tire in search of a potential trend change.

Keywords: pivot alerts Goodyear Tire

Ticker(s): GT