trending stock today, johnson controls hitachi air conditioning
The stock posted a strong price volume breakout on Wednesday after a 17-week consolidation at lows. At the same time, it has crossed above its short- and medium-term moving averages. The stock traded multiple times higher than the 50-day average trading volume. Thus its increasing number of purchasing activities is displayed. The 14-period daily RSI (74.97) is bullish indicating bullish potential for the stock. ADX (35.32) is expanding rapidly as well as showing strong bullish potential. The MACD histogram is positive and shows a direction of travel above it. Overall the technical chart is favorable for the upside of this company stock.
The stock has already gained more than 16% on a year-to-date basis. The share has outperformed its peers with such performance. Currently, the shares of the company are trading in the national stock market at Rs. Trading at 1,290. Investors should keep an eye on this stock in the coming sessions.
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