From a fundamental viewpoint, analysts have recently revised downward their expectations regarding EPS. This situation could lead to some profit taking in the short run.
Technically, the security had a technical rebound but there is still a bearish trend in the mid-term. Indeed, this rebound allowed shares to reach the upward trendline which acted as a support before the breakdown. The bullish impetus should be stopped in the coming trading sessions by this trendline which now act as a resistance. Thanks to it, the security should decrease toward the short term support at USD 24.2.
Thanks to financial and technical information above-mentioned, investors can take a short position in Worthington Industries. The target price is USD 24.18 (short-term support). This strategy would be invalidated if the security crosses the USD 30.9 resistance.
Worthington Enterprises Inc. is a designer and manufacturer of brands that enable people to live safer, healthier and more expressive lives. The Company operates through three businesses: building products, consumer products and sustainable energy solutions. The comprehensive portfolio of building products includes heating and cooling solutions, specialized construction products, water systems, ceiling solutions, and metal framing options. The consumer products include tools, outdoor living and celebrations categories sold under brand names Balloon Time, Bernzomatic, Coleman, Garden-Weasel, General, HALO, Hawkeye, Level5 Tools, Mag Torch, Pactool International and Well-X-Trol. The sustainable energy solutions offer on-board fueling systems and services, as well as gas containment solutions and services for the storage, transport, and distribution of industrial gases, supporting the growing hydrogen ecosystem and adjacent sustainable energies like compressed natural gas.
WORTHINGTON ENTERPRISES, INC. 
