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Johnson Controls Set to Possibly Pullback After Yesterday's Rally of 1.55%

By James Quinn

Johnson Controls (NYSE:JCI) traded in a range yesterday that spanned from a low of $42.14 to a high of $42.70. Yesterday, the shares gained 1.6%, which took the trading range above the 3-day high of $42.14 on volume of 2.3 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

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.

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 26% above that low price at $42.51 per share. The 200-day and 50-day moving averages have moved 0.33% lower and 1.10% higher over the past week, respectively.

Keywords: rebounders Johnson Controls

Ticker(s): JCI