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Johnson Controls Bullish Moving Average Crossover Alert (JCI)

By James Quinn

Johnson Controls (NYSE:JCI) crossed over its 10-day moving average of $39.06 on a volume of 1.7 million shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Johnson Controls has traded in a range of $28.30 to $40.33 and is now at $39.31, 39% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.3%.

SmarTrend recommended that subscribers consider buying shares of Johnson Controls on January 7th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $31.62. Since that recommendation, shares of Johnson Controls have risen 22.9%. We continue to monitor JCI for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses Johnson Controls

Ticker(s): JCI