San Diego, CA 8/29/2009 1:05:53 AM
Near-Term Caution Advised for Goodyear (GT) and Centerpoint (CNP)
Shares of CenterPoint Energy and The Goodyear Tire & Rubber Company look like they're going to be under technical fire for a while.
The Small Cap Network (smallcapnetwork.com), a leading online investment community focused on small cap stocks, has posted a near-term outlook for charts of CenterPoint Energy, Inc. (CNP) and The Goodyear Tire & Rubber Company (GT). Excessive run-ups in the stock prices of both companies have left their respective charts very vulnerable to sharp pullbacks; today's moderate dips may be the beginning of their potential corrections.
Investors can receive complete access to the technical review of CenterPoint Energy and The Goodyear Tire & Rubber Company, along with all other trading commentary and market trend outlooks, for free by going to: http://community.smallcapnetwork.com/article/view/p/mid/3/id/55/.
About CenterPoint Energy, Inc.
CenterPoint Energy, Inc., headquartered in Houston, Texas, is a domestic energy delivery company that includes electric transmission & distribution, natural gas distribution, competitive natural gas sales and services, interstate pipelines, and field services operations. The company serves more than five million metered customers primarily in Arkansas, Louisiana, Minnesota, Mississippi, Oklahoma, and Texas. Assets total nearly $19 billion. With about 8,800 employees, CenterPoint Energy and its predecessor companies have been in business for more than 135 years. For more information, visit the Web site at www.CenterPointEnergy.com.
About The Goodyear Tire & Rubber Company
Goodyear is one of the world's largest tire companies. It employs nearly 70,000 people and manufactures its products in more than 60 facilities in 25 countries around the world. Its two Innovation Centers in Akron, Ohio and Colmar-Berg, Luxembourg strive to develop state-of-the-art products and services that set the technology and performance standard for the industry. For more information about Goodyear (NYSE: GT), go to www.goodyear.com/corporate.
About SmallCapNetwork
The Small Cap Network web site and free newsletter offer in-depth fundamental research and technical trading recommendations on select companies within the global equity markets, including small company stocks, micro cap stocks, bulletin board stocks, and other actively traded stocks.
Forward-Looking Statement: This press release may include or imply "forward-looking statements" within the meaning of the federal securities laws, commonly identified by such terms as "believes," "looking ahead," "anticipates," "estimates" and other terms with similar meaning. Although the Company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can give no assurance that these assumptions will prove to be correct. Important factors that could cause actual results to differ materially from the Company's projections and expectations are disclosed in the Company's filings with the Securities and Exchange Commission. All forward-looking statements in this press release are expressly qualified by such cautionary statements and by reference to the underlying assumptions.
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