Hexcel Corporation (HXL) : Traders are bullish on Hexcel Corporation (HXL) as it has outperformed the S&P 500 by a margin of 0.29% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 4.07%, 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 4.71% in the last 1 week, and is up 7.07% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Hexcel Corporation (NYSE:HXL): The stock opened at $44.60 on Friday but the bulls could not build on the opening and the stock topped out at $44.77 for the day. The stock traded down to $43.88 during the day, due to lack of any buying support eventually closed down at $44.25 with a loss of -1.32% for the day. The stock had closed at $44.84 on the previous day. The total traded volume was 900,813 shares.
The stock has recorded a 20-day Moving Average of 6.2% and the 50-Day Moving Average is 3.48%. Hexcel Corp. has dropped 1.75% during the last 3-month period . Year-to-Date the stock performance stands at -4.26%.
Hexcel Corporation (Hexcel) is a composites company. The Company develops, manufactures and markets lightweight, structural materials, including carbon fibers, specialty reinforcements, prepregs and other fiber-reinforced matrix materials, honeycomb, adhesives, engineered honeycomb and composite structures for use in commercial aerospace, space and defense and industrial markets. The Company operates in two segments: Composite Materials and Engineered Products. The Composite Materials segment manufactures and markets carbon fibers, fabrics and specialty reinforcements, prepregs and other fiber-reinforced matrix materials, structural adhesives, honeycomb, molding compounds, tooling materials, polyurethane systems and laminates. The Engineered Products segment manufactures and markets composite structures and precision machined honeycomb parts for use in the aerospace industry.