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Shares of Johnson Controls Has Fallen Below Previous 52-Week Low

By David Diaz

Johnson Controls (NYSE:JCI) traded at a new 52-week low today of $38.11. This new low was reached on below average trading volume as 590,000 shares traded hands, while the average 30-day volume is approximately 4.2 million shares.

Johnson Controls has overhead space with shares priced $38.22, or 23.5% below the average consensus analyst price target of $49.93. Johnson Controls shares should first meet resistance at the 50-day moving average (MA) of $38.90 and find additional resistance at the 200-day MA of $40.61.

Over the past year, Johnson Controlshas traded in a range of $38.11 to $48.97 and are now at $38.22. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.1% while the 200-day MA has slid 0.3%.

Johnson Controls International plc (JCI) provides building products and technology solutions. The Company offers air systems, building management, HVAC controls, security, and fire safety solutions. JCI serves customers worldwide.

SmarTrend is tracking the current trend status for Johnson Controls and will alert subscribers who have JCI in their portfolio or watchlist when shares have changed trend direction.

Keywords: 52 week high/lows Johnson Controls

Ticker(s): JCI