Fiat Chrysler Automobiles N.V. (FCAU) Shares are Up 5.3%

Fiat Chrysler Automobiles N.V. (FCAU) : Traders are bullish on Fiat Chrysler Automobiles N.V. (FCAU) as it has outperformed the S&P 500 by a wide margin of 7.62% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 4.86%, 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 5.3% in the last 1 week, and is up 10.29% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

Fiat Chrysler Automobiles N.V. (NYSE:FCAU): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $6.66 and $6.63 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $6.76. The buying momentum continued till the end and the stock did not give up its gains. It closed at $6.75, notching a gain of 3.69% for the day. The total traded volume was 2,514,192 . The stock had closed at $6.51 on the previous day.

The stock has recorded a 20-day Moving Average of 2.23% and the 50-Day Moving Average is 1.58%. Fiat Chrysler Automobiles N.V. has dropped 12.56% during the last 3-month period . Year-to-Date the stock performance stands at -51.75%.

Fiat Chrysler Automobiles N.V. (FCAU) : The highest level Fiat Chrysler Automobiles N.V. (FCAU) is projected to reach is $11 for the short term and the lowest estimate is at $8. The consolidated price target from 2 rating analysts who initiate coverage on the stock is $9.5 and the possibility the share price can swing is $2.12.


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