YRCW remained and bearish jumped up by 0.87$ with total traded volume of 36.47 million shares for the day, YRC Worldwide Inc. (YRC Worldwide) is a holding company. YRC Worldwide, through wholly owned operating subsidiaries offers its customers a range of transportation services. These services include global, national and regional transportation, as well as logistics.
YRC Worldwide (NASDAQ Stock:YRCW) is one of this week best performing penny stocks, up 4.1% to $0.23 on 0.2x average daily volume. Approximately 7.6 million shares have traded hands today vs. 30-day average volume of 49.5 million shares.
High volume often signals a change in trends. Shares of YRC Worldwide should find initial resistance at their 50-day moving average (MA) of $0.28 and further resistance at their 200-day MA of $1.03.
YRC Worldwide (NASDAQ:YRCW) has a potential upside of 128.3% based on a current price of $0.22 and an average consensus analyst price target of $0.5.
The stock is worth a lot more than it is right now, however, I do think, they need to reduce their overhead costs to be able make it a better company.