Johnson Controls (JCI) NewsBite - JCI Hits 52-Week Low

Posted: Friday, January 30, 2009 2:35 PM EDT

Johnson Controls (JCI) hit a new 52-Week low of $12.45 so far today. Currently the stock is down $0.92 (-6.84%) to $12.46 on 4,007,621 shares traded. Today's low is down $24.03 from a 52-Week high of $36.49. Johnson Controls stock has been showing support around $12.87 and resistance in the $14.19 range. Technical indicators for the stock are neutral and S&P gives JCI a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on JCI the stock seems like it could be a candidate for a March out-of-the-money bear-call credit spread above the 15 range. [ABR-Seven Summits Strategic Investments NewsBite]

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