Shares of Manitowoc (NYSE:MTW) traded 13.6% higher yesterday, closing at $12.11. The stock has been drifting higher over the past nine trading days and is currently trading in a technical uptrend.
The call volume yesterday was 13,502 contracts, which is 9x the average daily volume of 1,506. Usually high call volume is an indicator that many investors are looking for higher prices in the near future.
SmarTrend is bullish on shares of Manitowoc and our subscribers were alerted to buy on September 20, 2010 at $10.91. The stock has risen 11% since the alert was issued.
