Cemtrex (CETX) : Traders are bullish on Cemtrex (CETX) as it has outperformed the S&P 500 by a margin of 35.42% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 24.18%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 24.94% in the last 1 week, and is up 44.57% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Cemtrex (NASDAQ:CETX): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $4.79 and $4.79 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $5.29. The buying momentum continued till the end and the stock did not give up its gains. It closed at $5.06, notching a gain of 5.64% for the day. The total traded volume was 981,482 . The stock had closed at $4.79 on the previous day.
The stock has recorded a 20-day Moving Average of 29.07% and the 50-Day Moving Average is 59.13%. Cemtrex Inc. is up 140.95% in the last 3-month period. Year-to-Date the stock performance stands at 114.41%.
Cemtrex Inc. (Cemtrex) is a technology company. The Company is engaged in manufacture and sale of advanced instruments for emission monitoring of particulate, opacity, mercury, sulfur dioxide and nitrogen oxides. The Company provides electronic manufacturing services of printed circuit board assemblies, provides instruments and emission monitors for industrial processes, and provides industrial air filtration and environmental control systems. The Company, through its Monitoring Instruments and Products (MIP) division, manufactures, sells and services instruments, software and systems for monitoring emissions of greenhouse gases, hazardous gases, particulate and other regulated pollutants used in emissions trading worldwide. The Companys products are sold to power plants, refineries, chemical plants, cement plants and other industries, including federal and state governmental agencies.