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Recent 52-Week Low Surpassed in Shares of Johnson Controls (JCI)

By James Quinn

Shares of Johnson Controls (NYSE:JCI) traded today at $23.37, breaking its 52-week low. This new low was reached on below average trading volume as 421,000 shares traded hands, while the average 30-day volume is approximately 7.2 million shares.

Johnson Controls share prices have moved between a 52-week high of $44.82 and the current low of $23.37 and are currently at $23.55 per share. The 200-day and 50-day moving averages have moved 0.7% lower and 3.4% lower over the past week, respectively.

Johnson Controls has overhead space with shares priced $23.55, or 41.2% below the average consensus analyst price target of $40.08. The stock should find initial resistance at its 50-day moving average (MA) of $38.43 and further resistance at its 200-day MA of $41.07.

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 recommended that its subscribers protect gains by selling shares of Johnson Controls on February 27th, 2020 by issuing a Downtrend alert when the shares were trading at $38.66. Since that call, shares of Johnson Controls have fallen 35.6%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows Johnson Controls

Ticker(s): JCI