Heavy Volume Lifts Johnson Controls
Johnson Controls (JCI) is one of the top 10 performers on the NYSE today. An upgrade from Deutsche Bank, which lifted the auto-part maker to Hold from Buy, has sparked a powerful 3% surge. Volume on the stock is running extremely heavy on the news and will be the heaviest positive day since last October by the close. Johnson Controls reports earnings a week from today.
Today's session began with a gap-higher open that lifted shares back up to their 200-day moving average. Despite the overall heavy market tone today, JCI was able to power past this key level and is now sitting just below a breakout level....260 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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