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Parker Hannifin Down 6.3% Since SmarTrend Downtrend Call (PH)

By James Quinn

SmarTrend identified a Downtrend for Parker Hannifin (NYSE:PH) on April 30th, 2019 at $180.93. In approximately 2 weeks, Parker Hannifin has returned 6.33% as of today's recent price of $169.48.

Over the past year, Parker Hannifin has traded in a range of $140.82 to $193.19 and is now at $170.04, 21% above that low. The 200-day and 50-day moving averages have moved 0.04% higher and 0.31% lower over the past week, respectively.

Parker-Hannifin Corporation manufactures motion control products, including fluid power systems, electromechanical controls, and related components. The Company also produces fluid purification, fluid flow, process instrumentation, air conditioning, refrigeration, and electromagnetic shielding and thermal management products.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Parker Hannifin.

Log in and add Parker Hannifin (PH) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights parker hannifin

Ticker(s): PH