Shares of Brush Wellman plunges 20% to 40.44$ per share after company cut its second-quarter earnings outlook late Tuesday, based on weaker than expected market conditions and volatility in metal prices. Looking at the technical chart stock breakdown an important support at 45$, and is now in a clear downtrend with all indicators showing bearishs signs. Stock only found only support today at 200 daily moving average so pay attention if BW break this line.

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Labels: BW