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Shares of GT Down 23.8% Since Downtrend Call on Shares

By James Quinn

SmarTrend identified a Downtrend for Goodyear Tire (NASDAQ:GT) on February 6th, 2018 at $32.89. In approximately 4 months, Goodyear Tire has returned 23.80% as of today's recent price of $25.06.

In the past 52 weeks, Goodyear Tire share prices have been bracketed by a low of $24.12 and a high of $36.52 and are now at $25.06, 4% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has declined 0.3%.

The Goodyear Tire & Rubber Company develops, manufactures, distributes, and sells tires for most applications. The Company also manufactures and markets several lines of rubber and rubber-related chemicals and provides automotive repair services. Goodyear also retreads truck, aircraft, and heavy equipment tires. The Company provides its products and services worldwide.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Goodyear Tire.

Log in and add Goodyear Tire (GT) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights Goodyear Tire

Ticker(s): GT