NCR Corporation (NCR) : Traders are bullish on NCR Corporation (NCR) as it has outperformed the S&P 500 by a wide margin of 7.28% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.78%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.75% in the last 1 week, and is up 7.69% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
NCR Corporation is up 17.04% in the last 3-month period. Year-to-Date the stock performance stands at 37.9%. The stock has recorded a 20-day Moving Average of 3.24% and the 50-Day Moving Average is 10.36%.
NCR Corporation (NYSE:NCR): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $33.52 and $33.38 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $33.83. The buying momentum continued till the end and the stock did not give up its gains. It closed at $33.73, notching a gain of 0.12% for the day. The total traded volume was 453,451 . The stock had closed at $33.69 on the previous day.
Also, Major Brokerage house, JP Morgan maintains its ratings on NCR Corporation (NYSE:NCR). In the latest research report, JP Morgan raises the target price from $37 per share to $41 per share. According to the latest information available, the shares are now rated Overweight by the analysts at the agency. The rating by the firm was issued on August 15, 2016.
NCR Corporation (NCR) is a global technology company that provides products and services that enable businesses to connect, interact and transact with their customers. It operates in four business segments, which include Financial Services, Retail Solutions, Hospitality and Emerging Industries. NCR offers financial services, such as a line of ATM and payment processing hardware and software; cash management and video banking software and digital banking services, and related installation, maintenance and managed and professional services. NCR offers technology solutions to customers in the hospitality industry. The Company offers maintenance, as well as managed and professional services for third-party computer hardware provided to select manufacturers. The Company offers solutions to customers in the retail industry.