The Goodyear Tire & Rubber Comp (GT)

The Goodyear Tire & Rubber Comp is trading at $6.05, down 3.51% on the session. The 50 day average sits at $6.60 and the 200 day at $7.43, which puts the stock in a downtrend. RSI is at 47.7, which reads as neutral, and MACD is bullish crossover. Volume is below average.

The nearest support is around $5.92 with resistance near $6.58, so that band frames the current range. Average daily movement is roughly $0.27, or about 4.5% of the share price, which is what any stop placement has to allow for. The overall health score of 40 out of 100 combines a trend score of 11, momentum of 58 and a risk score of 62.

The Goodyear Tire & Rubber Company, together with its subsidiaries, develops, manufactures, distributes, and sells tires and related products and services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers various lines of rubber tires for automobiles, trucks, buses, aircraft, motorcycles, farm implements, and other applications under the Goodyear, Cooper, Kelly, Mastercraft, Roadmaster, Debica, Sava, Fulda, Mickey Thompson, Avon, and Remington brands, as well as various house brands and private-label brands. It also provides retread truck and aviation tires; miscellaneous other products and services; automotive maintenance and repair services under the Goodyear or Just Tires names; and new tires, retreads, mechanical service, preventive maintenance, and roadside assistance to trucking fleets, as well as manufactures and sells tread rubber and other tire retreading materials. In addition, the company operates approximately 750 retail outlets, which offer products for sale to consumer and commercial customers, as well as repair and other services. Further, it sells its products and installation services online through its websites, www.goodyear.com for consumer tires and www.goodyeartrucktires.com for commercial tires; and automotive repair and maintenance items, automotive equipment and accessories, and other items to dealers and consumers. The company sells its products through a network of independent dealers, regional distributors, retail outlets, and retailers. The Goodyear Tire & Rubber Company was incorporated in 1898 and is headquartered in Akron, Ohio.