Schweitzer-Mauduit International, Inc. (SWM) Slips Into Weakness Below 200 Day MA
February 11, 2010 2:01 PM
Schweitzer-Mauduit International, Inc. (NYSE: SWM), a producer of different types of paper and supplier of reconstituted tobacco products to the tobacco sector, has slipped below the long term support line of 200 day moving average of $53.10 by mid-day trading on Thursday, indicating weakness on charts. Schweitzer-Mauduit International, Inc. (SWM) started the session with a gap-down opening and continued to plunge with high volumes, thus indicating sluggishness which may follow in Schweitzer-Mauduit International, Inc. (SWM).
Schweitzer-Mauduit International, Inc. (SWM) failed to take a cue out if the positive moves emerging in Dow, in anticipation of the bailout plans for debt ridden Greece, which are likely to be offered by some Euro-zone countries very soon.
