Modine Manufacturing Company (MOD) Shares are Up 2.77%

Modine Manufacturing Company (MOD) : Traders are bullish on Modine Manufacturing Company (MOD) as it has outperformed the S&P 500 by a wide margin of 10.1% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.8%, 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 2.77% in the last 1 week, and is up 10.52% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

Modine Manufacturing Company has dropped 2.07% during the last 3-month period . Year-to-Date the stock performance stands at 14.92%. The stock has recorded a 20-day Moving Average of 4.88% and the 50-Day Moving Average is 8.11%.

Modine

Modine Manufacturing Company (NYSE:MOD): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $10.21 and $10.14 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $10.46. The buying momentum continued till the end and the stock did not give up its gains. It closed at $10.40, notching a gain of 1.36% for the day. The total traded volume was 199,340 . The stock had closed at $10.26 on the previous day.

Modine Manufacturing Company is a developer, manufacturer and marketer of heat exchangers and systems for use in on-highway and off-highway original equipment manufacturer (OEM) vehicular applications and to a range of building, industrial and refrigeration markets. The Company specializes in thermal management systems and components. The Company has five operating segments: North America, which consisted of vehicular and industrial original equipment products in North America; Europe, which consisted of vehicular and industrial original equipment products in Europe; South America, which consisted of vehicular and industrial original equipment products and aftermarket products in South America; Asia, which consisted of vehicular and industrial original equipment products in Asia, and Building Heating, Ventilating And Air Conditioning (HVAC), which consisted of building HVAC products throughout the world.

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