MTW - $16 area important long term support/resistance line for MTW. Working on a massive head and shoulders formation with the neckline also in the $16 area.
57% of their biz is in North America, and only 10% in Asia. 60% of their business is in cranes, which will now be squuezed by: 1) Construction slowdown in Canada 2) They compete in every line of crane with Terex, which just merged with Finnish Konecrane to become the biggest mfr. in the world (also a good short). Expect competitive pressure on Manitowoc's top line. 8/20/15