SOURCE: Wall Street Active

February 20, 2013 08:00 ET

Pre-Market Update on JOY, MTW and AGCO

Note to Editors: The Following Is an Investment Opinion Being Issued by the WSA Financial Ltd.

LONDON--(Marketwire - Feb 20, 2013) - Markets in the U.S. re-opened after a long weekend. On Friday, stocks had finished on a mixed note as investors remained cautious ahead of the G20 summit, which was held in Moscow over the weekend. At the close, our research team took notice of Joy Global Inc. (NYSE: JOY), Manitowoc Co. Inc. (NYSE: MTW) and AGCO Corp. (NYSE: AGCO). Wall Street Active research team has completed free research on JOY, MTW and AGCO. As a leading provider of free in depth reports and timely market updates, we invite you to sign up now at

Joy Global Shares Down Sharply This Year

Joy Global has been one of the worst performing stocks this year. Year-to-date, shares of the Wisconsin-based company have fallen nearly 30%. On Tuesday, the stock edged higher after the company declared a quarterly cash dividend of $0.175 per share. Joy Global's shares ended the day 1.08% higher at $63.54 on above average volume of 3.22 million. Over the last one week, Joy Global's shares have made a recovery after bottoming out at around $61.50. The stock is now trading close to its $64 resistance level. Recent volume activity suggests that the market sentiment has turned bullish on the stock. Sign up today and get useful insight about JOY for free at

Manitowoc Co. Shares Edge Higher

Manitowoc's shares rose sharply in Tuesday's trading session, tracking gains in the broad equity market. The stock ended the day 1.38% higher at $19.77 on volume of 2.32 million. The company's shares rose to an intra-day high of $19.77, which is close to the stock's 52-week high of $19.90. Year-to-date, the stock has gained 26.08%, easily outperforming the S&P 500, which is up 7.33% in the same period. Manitowoc's shares, in fact, have had an excellent run since November last year. The stock has seen a series of highs over the last three months, which is a strong bullish signal. The bullish trend is further confirmed by the MACD chart. Free report on MTW can be accessed by registering at

AGCO's Shares Also Gain

Shares of AGCO Corporation also edged higher in Tuesday's trading session. The stock closed 0.34% higher at $53.86 on volume of 736,225. AGCO Corporation shares have been trading sideways over the past few trading sessions. The stock has been struggling to break through $55 resistance level. It currently has support at around $53. Register with Wall Street Active and download the research on AGCO for free at

Disclaimer: WSA Financial is not a registered investment advisor, and nothing in this release is intended as a solicitation to buy or sell any security. Our pro-traders only aim is to educate investors based on their experience, and to share their knowhow.

Contact Information