Columbus McKinnon Corporation (CMCO)

Columbus McKinnon Corporation is trading at $17.94, down 5.97% on the session. The 50 day average sits at $15.53 and the 200 day at $n/a, which puts the stock in a mixed technical position. RSI is at 59.2, which reads as strong, and MACD is bearish crossover. Volume is below average.

The nearest support is around $14.59 with resistance near $22.29, so that band frames the current range. Average daily movement is roughly $1.22, or about 6.8% of the share price, which is what any stop placement has to allow for. The overall health score of 55 out of 100 combines a trend score of 75, momentum of 64 and a risk score of 10.

Columbus McKinnon Corporation designs, manufactures, and markets motion solutions for moving, lifting, positioning, and securing materials. It offers powered chain hoists, electric wire rope hoists, hand-operated hoists, winches, lever tools, and air-powered hoists, as well as explosion-protected and custom engineered hoists, such as wire rope and manual hoists; precision conveyer products which includes low profile, flexible chain, large scale, sanitary, and vertical elevation conveyor systems, as well as pallet system conveyors and accumulation systems; and power control and delivery systems and solutions. The company also provides AC and DC digital motion control systems for underground coal mining equipment; alloy and carbon steel chain; load chain; hooks, shackles, Hammerloks, and master links; and carbon steel forged and stamped products, such as load binders, logging tools, and other securing devices. In addition, it designs and manufactures industrial components comprising mechanical and electromechanical actuators and rotary unions; manufactures and markets aluminum light rail workstations; and crane components and kits. Further, the company designs, builds, sells, and supports elevator application-specific drive products; and engineered and technology-enabled products. It serves EV production and aerospace, energy and utilities, process industries, industrial automation, construction and infrastructure, food and beverage, entertainment, life sciences, consumer packaged goods, e-commerce, supply chain, and warehousing markets. The company offers its products to end users; industrial distributors, including rigging shops and independent crane builders; material handling specialists and integrators, and entertainment equipment distributors; service-after-sale distributors; original equipment manufacturers; government agencies; and engineering procurement and construction firms. The company was founded in 1875 and is headquartered in Charlotte, North Carolina.