WMS Industries Inc. (WMS) remits first signal of bearish trend ahead
By Mark Moneymaster
October 27, 2009 12:02 PM
October 27, 2009 12:02 PM
Symbols: WMS
WMS Industries Inc. (NYSE: WMS) opened with a gap down opening on heavy volumes and continued their sharp correction even in afternoon, as the WMS stock, quoting around $43.56, was down 8.1% from yesterday’s closing. The Tuesday’s reversal dragged down the WMS stock below the 20 days and 50 days moving average in the same session on Tuesday.
The sharp plunge in WMS Industries Inc. (WMS) stock came in the wake of a nominal 9% rise in the revenues of company’s quarter to September, which missed the analysts’ expectations.
Apart from same, a disappointing revenue guidance released by company for quarter to December ‘09 pulled shares of WMS Industries Inc. (WMS) lower on Tuesday.
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