Tyco International plc (TYC) has risen sharply, recording gains of 6.27% in the past 4 weeks. However, the stock has corrected -0.42% 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 2.82% 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 4.97% and the 50-Day Moving Average is 6.5%. Tyco International plc is up 18.87% in the last 3-month period. Year-to-Date the stock performance stands at 45.36%.
Tyco International plc (NYSE:TYC): stock turned positive on Friday. Though the stock opened at $45.01, the bulls momentum made the stock top out at $45.75 level for the day. The stock recorded a low of $44.99 and closed the trading day at $45.57, in the green by 0.35%. The total traded volume for the day was 2,365,323. The stock had closed at $45.41 in the previous days trading.
Also, In the latest statement by the brokerage house, Atlantic Equities upgrades its outlook on Tyco International plc (NYSE:TYC). The current rating of the shares is Overweight, according to the research report released by the firm. Previously, the company had a rating of Neutral. The brokerage firm raises the price target from $40 per share to $52 per share. The rating by the firm was issued on May 26, 2016.