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Look for Shares of Johnson Controls to Potentially Pullback after Yesterday's 1.11% Rise

By Nick Russo

Johnson Controls (NYSE:JCI) traded in a range yesterday that spanned from a low of $38.72 to a high of $39.08. Yesterday, the shares gained 1.1%, which took the trading range above the 3-day high of $38.84 on volume of 1.7 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, Johnson Controls share prices have been bracketed by a low of $36.74 and a high of $48.97 and are now at $39.00, 6% above that low price. 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 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: rebounders Johnson Controls

Ticker(s): JCI