Goodyear Is In OverSold Territory

By Traders Huddle | October 31, 2012 AAA

New York, October 29th (TradersHuddle.com) - Shares of The Goodyear Tire & Rubber Company (NYSE:GT) closed the session at $11.02 well below calculated support at $12.20. Price action placed the stock in oversold territory as investors and money managers moved out of their positions.The Goodyear Tire & Rubber Company (NYSE:GT) main activities are to develop, manufacture, market and distribute tires and rubber products. The products include lines of power transmission belts, hoses, rubber products for transportation industry and rubber-related chemicals for various applications. The company



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