Pre-Market Technical Briefing on Farm and Construction Machinery’s Giants
LONDON, UK / ACCESSWIRE / May 26, 2016 / ActiveWallSt.com announces the list of stocks featured in the Technical Morning Blog. Every morning the Active Wall St. team discusses the latest news and technical events impacting stocks and the financial markets. Companies recently featured in the blog include Caterpillar, Joy Global, Manitowoc, and Deere & Co.
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The global Farm and Construction Machinery industry continues to take a hit from the battered Chinese economy, but many investors believes that there are growth opportunities to be found within this space. Let us see how the current market environment is affecting some of the big names in the industry. Access their complimentary alerts by signing up at:
ActiveWallSt.com takes a quick technical look at how each of these companies has performed over the last few trading sessions.
Caterpillar Inc. (NYSE: CAT)
Construction and mining equipment maker, Caterpillar Inc.’s shares edged 2.08% higher and finished Wednesday’s trading session at $72.57 with a total volume of 5.03 million shares traded. In the previous three months and since the start of this year, the stock has advanced 10.24% and 9.17%, respectively. The Company’s shares are trading above their 200-day moving average by 4.54%. Moreover, shares of Caterpillar have a Relative Strength Index (RSI) of 48.34.
Joy Global Inc. (NYSE: JOY)
On Wednesday, shares in Wisconsin-based mining equipment manufacturer, Joy Global Inc., recorded a trading volume of 3.02 million shares, and ended the session 4.71% higher at $17.13. The stock has gained 44.89% in the previous three months and 35.93% on an YTD basis. The Company’s shares are trading 8.12% above their 200-day moving average. Furthermore, Joy Global’s stock has an RSI of 49.57.
The Manitowoc Co. Inc. (NYSE: MTW)
Shares in crane designer and manufacturer, The Manitowoc Co. Inc., closed the day at $5.76, climbing 1.05%. The stock recorded a trading volume of 2.05 million shares. Manitowoc Co. which was founded in 1853 has its headquarters in Manitowoc, Wisconsin. The Company’s shares have advanced 1.41% in the last month, and are trading 13.14% above their 50-day moving average. Additionally, Manitowoc’s stock has an RSI of 57.59. On May 09th, 2016, research firm Stifel reiterated its ‘Buy’ rating with an increase of the target price to $7 a share from $6 a share for the Company’s stock.
Deere & Co. (NYSE: DE)
Deere & Company and its subsidiaries are global manufacturers and distributors of agriculture and turf, and construction and forestry equipment based in Moline, Illinois. At the closing bell yesterday, shares in Deere & Co. ended 1.07% higher at $80.49 and with a total volume of 2.47 million shares traded. The stock has advanced 1.88% in the previous three months and 6.33% since the start of this year. The Company’s shares are trading above their 200-day moving average by 2.63%. Furthermore, shares of Deere & Co. have an RSI of 46.09. On May 23rd, 2016, research firm Piper Jaffray reiterated its ‘Neutral’ rating with an increase of the target price to $76 a share from $75 a share for the Company’s stock. The complete trade setup on DE is available for free at:
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