Worthington Industries Inc. (
This diversified metal processing company focusing on steel
processing and manufactured metal products has pulled back to its
following a round of profit-taking.
On Feb. 17, at $15.84,
, "The stock started this year with a major breakout, rising on the
company's strong second-quarter results. Note the high volume on
the breakout and lower volume on the recent pullback followed by
new accumulation as it hit the 50-day moving average.
"S&P rates WOR a 'four-star buy' with a 12-month target of
$22. The technical target for WOR is $24-$25.
WOR rose to $18 and then pulled back to just below its breakout
point -- a common occurrence. The prior opinion is reinforced, and
the trading target is still at $24 to $25.
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