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Johnson Controls Bullish Moving Average Crossover Alert (JCI)

By Nick Russo

Today, shares of Johnson Controls (NYSE:JCI) have crossed bullishly above their 10-day moving average of $34.14 on a volume of 1.2 million shares. This may provide short-term investors a chance 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 $33.23 to $48.97 and is now at $34.39, 3% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has advanced 1.1%.

SmarTrend recommended that its subscribers protect gains by selling shares of Johnson Controls on March 20th, 2018 by issuing a Downtrend alert when the shares were trading at $36.06. Since that call, shares of Johnson Controls have fallen 5.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses Johnson Controls

Ticker(s): JCI