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Johnson Controls Crosses Above its 10-day MA (JCI)

By David Diaz

Today, shares of Johnson Controls (NYSE:JCI) have advanced above their 10-day MA of $40.91 on a volume of 602K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Johnson Controls share prices have moved between a 52-week high of $54.52 and a 52-week low of $33.62 and are now trading 23% above that low price at $41.32 per share. 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 subscribers consider buying shares of Johnson Controls on February 29th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $36.77. Since that recommendation, shares of Johnson Controls have risen 11.0%. 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