Chart Industries (GTLS) : Traders are bullish on Chart Industries (GTLS) as it has outperformed the S&P 500 by a wide margin of 23.63% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 8.31%, 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 8.27% in the last 1 week, and is up 24.1% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Chart Industries Inc. is up 28.36% in the last 3-month period. Year-to-Date the stock performance stands at 74.89%. The stock has recorded a 20-day Moving Average of 9.28% and the 50-Day Moving Average is 18.26%.
Chart Industries (NASDAQ:GTLS): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $31.39 and $31.13 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $31.50. The buying momentum continued till the end and the stock did not give up its gains. It closed at $31.41, notching a gain of 0.61% for the day. The total traded volume was 211,390 . The stock had closed at $31.22 on the previous day.
Also, Evercore ISI Group downgrades its rating on Chart Industries (NASDAQ:GTLS). Analysts at the Evercore ISI Group have a current rating of Hold on the shares. The shares were previously rated Buy. The rating by the firm was issued on August 4, 2016.
Chart Industries, Inc. (Chart) is a diversified manufacturer of engineered equipment engineered equipment for the industrial gas, energy, and biomedical industries. The Companys equipment and engineered systems are used for low-temperature and cryogenic applications. It operates through three segments: Energy & Chemicals (E&C), Distribution & Storage (D&S) and BioMedical. Its products include vacuum insulated containment vessels, heat exchangers, cold boxes and other cryogenic components. Its E&C and D&S segments manufacture products used in energy-related and industrial applications, such as the separation, liquefaction, distribution and storage of hydrocarbon and industrial gases. Through its BioMedical segment, it supplies cryogenic and other equipment used in the medical, biological research and animal breeding industries. The Company, through Thermax, Inc., provides cryogenic fluid vaporizers utilized in industrial gas, petro-chemical and liquefied natural gas applications.