InTheMoneyStocks.com: YRC Worldwide Inc. Hits 25% Upside Target of InTheMoneyStocks.com
Tuesday November 04, 2008 03:51:43 EST
Nov 04, 2008 (M2 PRESSWIRE via COMTEX News Network) --
InTheMoneyStocks / YRC Worldwide Inc. (NASDAQ:YRCW) today traded up through the twenty five per cent target price of $5.00 predicted by www.inthemoneystocks.com, on October 22, 2008.
Our proprietary technical analysis recently isolated an oversold condition that compelled us to believe that an upward move to $5.00 was imminent, with the likelihood of a continued move higher. As of today's close, we have comfortably encompassed our initial target, and after trading as high as $5.67 our ultimate target of $6.00 is well within reach.
YRC Worldwide, Inc. provides transportation services for the shipment of industrial, commercial, and retail goods in the United States and internationally. The company's operating units include YRC National Transportation, YRC Regional Transportation, and YRC Logistics. YRC National Transportation unit offers a range of services for the transportation of industrial, commercial, and retail goods, such as apparel, appliances, automotive parts, chemicals, food, furniture, glass, machinery, metal, metal products, non-bulk petroleum products, rubber, textiles, wood, and other manufactured products or components in regional, national, and international markets, primarily through the operation of owned or leased equipment.
In an Oct. 29 story, The Associated Press reported that YRC Worldwide Inc. said it will cut 3,750 employees. The company has clarified the statement to say it will cut up to 3,750 jobs.
InTheMoneyStocks.Com is a research and consulting company focused on mathematical proprietary techniques along with a key understanding of price, pattern and time. Through understanding geometry and other technical analysis methods, InTheMoneyStocks.Com prides itself on avoiding Wall Street hype while calling major and minor moves in the DOW, NASDAQ, S&P, commodities, currencies and stocks.
Mission Statement: Our goal is to provide accurate and precise market guidance without the Wall Street hype.
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