Polypore International, Inc. (NYSE:PPO) is a leading high-technology filtration company that develops, manufactures and markets specialized microporous membranes. The Company's products and technologies are used in two primary businesses: energy storage and separations media. Today, a note issued by William Blair says that vehicle electrification is behind forecasts.
This morning, this news is sending PPO stock lower by $3.47 to $41.31 a share. Traders and investors should watch for very good daily chart support around the $38.25 level. This is a level where the stock broke out in June 2013. Often, stocks will retest prior pivots and be supported around these old levels by the institutional traders.
Nicholas Santiago
www.InTheMoneyStocks.com
This morning, this news is sending PPO stock lower by $3.47 to $41.31 a share. Traders and investors should watch for very good daily chart support around the $38.25 level. This is a level where the stock broke out in June 2013. Often, stocks will retest prior pivots and be supported around these old levels by the institutional traders.
Nicholas Santiago
www.InTheMoneyStocks.com