Con-Way (CNW) is under extremely heavy pressure today following last night's second-quarter report. A profit miss and below-expectation freight volume for the trucking company sparked a deep gap-lower open. After a brief, early bounce, the sellers took control again driving CNW through key support near the 200-day moving average. The break below the $31.50 area pushed shares below the June lows, as well as last week's bottom. With volume running at more than triple the stock's 50-day average, this post-earnings flush has dropped CNW more than 15%.
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