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Article: Machine Tool Stocks Expected To Be Lower After 6 of Top 6 Correlated Stocks Fire Sell Signal.
- Article from:
- M2 Presswire
- Article date:
- June 17, 2009
CopyrightCOPYRIGHT 2009 Normans Media Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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M2 PRESSWIRE-17 June 2009-BUYINS.NET: Machine Tool Stocks Expected To Be Lower After 6 of Top 6 Correlated Stocks Fire Sell Signal.(C)1994-2009 M2 COMMUNICATIONS
RDATE:16062009
BUYINS.NET / www.squeezetrigger.com is monitoring the top 6 most highly correlated Machine Tool stocks and 100% of them have fired a sell signal as of June 16th, 2009. Kaydon Corp (NYSE: KDN), Stanley Works (NYSE: SWK), Timken (NYSE: TKR0, Kennametal (NYSE: KMT), RBC Bearings (NASDAQ: ROLL) and Flow International (NASDAQ: FLOW) are all expected to be lower as 6 of the top 6 stocks in the sector have fired a sell signal. Group rotation is a phenomenon where institutions exert ...