Lincoln Electric Holdings (LECO) : During the past 4 weeks, traders have been relatively bearish on Lincoln Electric Holdings (LECO), hence the stock is down -0.18% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -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 0.23% in the last 1 week, and is up 6.56% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Lincoln Electric Holdings (NASDAQ:LECO): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $60.45 and $60.08 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $61.75. The buying momentum continued till the end and the stock did not give up its gains. It closed at $61.55, notching a gain of 1.53% for the day. The total traded volume was 948,235 . The stock had closed at $60.62 on the previous day.
The stock has recorded a 20-day Moving Average of 3.62% and the 50-Day Moving Average is 3.1%. Lincoln Electric Holdings Inc. has dropped 1.62% during the last 3-month period . Year-to-Date the stock performance stands at 19.97%.
Lincoln Electric Holdings, Inc. is a manufacturer of welding, cutting and brazing products. Welding products include arc welding power sources, wire feeding systems, robotic welding packages, fume extraction equipment, consumable electrodes and fluxes. The Company operates in five segments: North America Welding, Europe Welding, Asia Pacific Welding, South America Welding and The Harris Products Group. The Companys product offering also includes computer numeric controlled (CNC) plasma and oxy-fuel cutting systems, and regulators and torches used in oxy-fuel welding, cutting and brazing. In addition, the Company is also engaged in brazing and soldering alloys activities. The Company has, through wholly owned subsidiaries or joint ventures, manufacturing facilities located in the United States, Brazil, Canada, China, Colombia, France, Germany, India, Indonesia, Italy, Mexico, the Netherlands, Poland, Portugal, Russia, Turkey, the United Kingdom and Venezuela.