Sterling Construction Inc. (STRL) Confirms Signals Of Moving Into Bearish Pattern
By Mark Moneymaster
March 16, 2010 11:46 AM
March 16, 2010 11:46 AM
Symbols: STRL
Sterling Construction Inc. (NASDAQ: STRL) fell for a second day on Tuesday by mid-day after the company's adjusted fourth-quarter profit missed Wall Street expectations. Sterling Construction (STRL) fell 8.8%, to $16.04 by mid-day trading. Sterling Construction (STRL) had earlier fallen 16.6% Monday after the building infrastructure company reported its quarterly results.
Sterling Construction Inc. (STRL), which had breached below its long term 200 day MA on Monday, slipped further by mid-day trading on Tuesday, to confirm signals of bearish pattern on charts.
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