Johnson Controls (JCI) has risen sharply, recording gains of 4.13% in the past 4 weeks. However, the stock has corrected -0.48% 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 0.74% 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 3.33% and the 50-Day Moving Average is 4.23%. Johnson Controls Inc. is up 11.64% in the last 3-month period. Year-to-Date the stock performance stands at 17.97%.
Johnson Controls (NYSE:JCI): stock turned positive on Friday. Though the stock opened at $45.68, the bulls momentum made the stock top out at $46 level for the day. The stock recorded a low of $45.36 and closed the trading day at $45.92, in the green by 0.46%. The total traded volume for the day was 2,837,298. The stock had closed at $45.71 in the previous days trading.
Also, Brokerage firm Credit Suisse upgrades its rating on Johnson Controls (NYSE:JCI). The shares have been rated Outperform. The rating by the firm was issued on May 24, 2016.
Johnson Controls, Inc. is a technology company. The Company provides products, services and solutions to optimize energy and operational efficiencies of buildings; lead-acid automotive batteries and advanced batteries for hybrid and electric vehicles, and seating and interior systems for automobiles. The Company operates in two segments: Building Efficiency and Power Solutions. The Building Efficiency segment offers designing, producing, marketing and installing integrated heating, ventilating and air conditioning (HVAC) systems, building management systems, controls, security and mechanical equipment. The Power Solutions segment offers lead-acid automotive batteries for passenger cars, light trucks and utility vehicles. The Company serves both automotive original equipment manufacturers (OEMs) and the general vehicle battery aftermarket. The Company also supplies advanced battery technologies to power start-stop, hybrid and electric vehicles.