Jabil Circuit (JBL) has risen sharply, recording gains of 1.87% in the past 4 weeks. However, the stock has corrected -0.32% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 2.42% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 0.4% and the 50-Day Moving Average is 3.08%.The 200 Day SMA reached 10.05%
Jabil Circuit (NYSE:JBL): After opening at $21.9, the stock dipped to an intraday low of $21.67 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $21.97 and the buying power remained strong till the end. The stock closed at $21.82 for the day, a gain of 0.32% for the day session. The total traded volume was 2,154,975. The stocks close on the previous trading day was $21.82.
Jabil Circuit (JBL) : The most positive equity analysts on Jabil Circuit (JBL) expects the shares to touch $27, whereas, the least positive believes that the stock will trade at $20 in the short term. The company is covered by 8 Wall Street Brokerage Firms. The average price target for shares are $24.38 with an expected fluctuation of $2.39 from the mean.
Jabil Circuit, Inc. provides electronic manufacturing services and solutions. The Company provides electronic design, production and product management services to companies in the aerospace, automotive, computing, defense, digital home, energy, healthcare, industrial, instrumentation, lifestyles, mobility, mold, networking, packaging, peripherals, storage, telecommunications and wearable technology industries. The Companys operating segments include Electronics Manufacturing Services (EMS) and Diversified Manufacturing Services (DMS). The EMS segment is focused around leveraging information technology (IT), supply chain design and engineering, technologies centered on core electronics. The DMS segment is focused on providing engineering solutions, heavy participation in consumer markets, access to higher growth markets and a focus on material sciences and technologies.