Georgia Gulf Corp's. (GGC) head and shoulder pattern indicating weakness in stock
By Mark Moneymaster
November 05, 2009 11:00 AM
November 05, 2009 11:00 AM
Symbols: GGC
Georgia Gulf Corp. (NYSE: GGC) came back into profit in Q3, after gaining significantly from a $400 million pre-tax gain of debt exchange.
Georgia Gulf Corp. (GGC) stock started with a gap-up opening and was trading with gains of 12.4% on Thursday at $16.13, after forming a long head and shoulder pattern.
The building materials and chemicals company Georgia Gulf Corp. (GGC) posted net income of $230.2 million and earnings of $9.20 a share in Q3.
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