Joy Global shares with strong performance
Thursday, August 23, 2007
Joy Global shares are showing a strong performance, after UBS to buy from neutral, saying it expects current levels of original equipment shipments to drive a largeres installed base and higher aftermarket sales. Looking at the daily chart with today session, stock is now recovering from the losses of last month. MACD K line crossover D line and back above 0, a Bullish signal. In addition RSI is near the neutral zone, so keep an eye on JOYG, scenario is now changing.
Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations. The charts provided here are not meant for investment purposes and only serve as technical examples.
Labels: JOYG
