Celestica (CLS) : Traders are bullish on Celestica (CLS) as it has outperformed the S&P 500 by a margin of 4.46% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 10.38%, 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 11.05% in the last 1 week, and is up 11.51% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Celestica (NYSE:CLS): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $10.75 and $10.66 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $11.08. The buying momentum continued till the end and the stock did not give up its gains. It closed at $10.85, notching a gain of 7.64% for the day. The total traded volume was 1,102,739 . The stock had closed at $10.08 on the previous day.
The stock has recorded a 20-day Moving Average of 14.05% and the 50-Day Moving Average is 7.92%. Celestica Inc. has dropped 1% during the last 3-month period . Year-to-Date the stock performance stands at -1.63%.
Celestica Inc. (Celestica) is a provider of supply chain solutions globally to original equipment manufacturers (OEMs) and service providers in the communications, consumer, diversified, servers and storage end markets. The Company offers a range of services to its customers, including design and development, engineering services, supply chain management, new product introduction, component sourcing, electronics manufacturing, assembly and test, complex mechanical assembly, systems integration, precision machining, order fulfillment, logistics and after-market repair and return services. The Companys products and services serve a range of applications, including servers; networking, wireless and telecommunications equipment; storage systems; optical equipment; aerospace and defense electronics; healthcare products for diagnostic imaging; audiovisual equipment; set top boxes; printer supplies; semiconductor equipment, and a range of industrial and green technology products.