Johnson Controls (JCI) NewsBite - JCI Is On the Move

Posted: Wednesday, May 27, 2009 1:41 PM EDT

Johnson Controls (JCI) appears to be on the move today and is now at $19.40, down $0.10 (-0.51%) on volume of 1,586,515 shares traded. JCI was covered in a Bloomberg Video Report today. To see the video report go to www.marketintelligencecenter.com/VideoNews.asp , and select the video titled "Sector to Watch - Auto Suppliers." Over the last 52 weeks the stock has ranged from a low of $8.35 to a high of $36.00. Johnson Controls stock has been showing support around $17.88 and resistance in the $20.46 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 July out-of-the-money bull-put credit spread below the 22.50 range. [ABR-Seven Summits Strategic Investments NewsBite]

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