Is Myers Industries, Inc. (MYE) Stock About to Get Hot Wednesday?

The market has been high on Myers Industries, Inc. (MYE) stock recently. MYE gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.

Myers Industries, Inc. has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on MYE!

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What is Stock Sentiment?

In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company. Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend. Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With MYE Stock Today?

Myers Industries, Inc. (MYE) stock is trading at $21.28 as of 3:24 PM on Wednesday, Mar 6, a rise of $0.57, or 2.75% from the previous closing price of $20.71. The stock has traded between $20.92 and $21.83 so far today. Volume today is above average. So far 272,175 shares have traded compared to average volume of 147,744 shares. To screen for more stocks like Myers Industries, Inc. click here.

More About Myers Industries, Inc.

Myers Industries Inc is a plastic manufacturer of returnable packaging, storage and safety products and specialty molding. It manufactures a range of polymer products for industrial, agricultural, automotive, commercial, and consumer markets. It operates through the following segments: The Material Handling segment, which designs manufactures and markets a variety of plastic and metal products. The Distribution segment offers tools, equipment, and supplies used for tire, wheel, and under-vehicle service on passenger, heavy truck, and off-road vehicles. Click Here to get the full Stock Report for Myers Industries, Inc. stock.