Joy Global (JOY) Shares are Up 0.54%

Joy Global (JOY) : Traders are bullish on Joy Global (JOY) as it has outperformed the S&P 500 by a wide margin of 2.31% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.38%, 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 0.54% in the last 1 week, and is up 1.76% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The stock has recorded a 20-day Moving Average of 0.85% and the 50-Day Moving Average is 0.79%.The 200 Day SMA reached 46.15%

Joy

Joy Global (NYSE:JOY): After opening at $27.67, the stock dipped to an intraday low of $27.62 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $27.85 and the buying power remained strong till the end. The stock closed at $27.74 for the day, a gain of 0.47% for the day session. The total traded volume was 1,343,929. The stocks close on the previous trading day was $27.74.

Joy Global (JOY) : 9 investment research analysts covering Joy Global (JOY) have an average price target of $27.22 for the near short term. The highest target price given by the Brokerage Firm to the stock is $28 and the lowest target is $24 for the short term. Analysts expect the variance to be within $1.56 of the average price.

Joy Global Inc. is a manufacturer and servicer of high productivity mining equipment for the extraction of coal and other minerals and ores. The Company manufactures and market original equipment and aftermarket parts and services for both underground and surface mining and certain industrial applications. The Companys equipment is used in major mining regions throughout the world to mine coal, copper, iron ore, oil sands, gold and other minerals. The Company operates in two business segments: Underground Mining Machinery and Surface Mining Equipment. The Company is a manufacturer of underground mining machinery for the extraction of coal and other bedded minerals and offer service locations near major mining regions worldwide. The Company is a major producer of surface mining equipment for the extraction of ores and minerals and provides extensive operational support for many types of equipment used in surface mining.

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