Joy Global (NASDAQ:JOYG) initiated at Outperform at Macquarie. The stock closed yesterday at $56.92 on volume of 2,308,200 shares, below the average daily volume of 2,932,027.
In the past 52-weeks, shares of Joy Global have traded between a low of $35.32 and a high of $65.93 and are now at $56.92, which is 61.2% above that low price.
Joy Global should find initial support at its 200-day moving average (MA) of $53.91 and further support at its 50-day MA of $52.66. In the last five trading sessions, the 50-day MA has climbed 0.36% while the 200-day MA has risen 0.34%.
Joy Global Inc. manufactures and markets underground mining equipment and surface mining equipment. The Company's equipment is used for the extraction of ores and minerals.