Praxair (PX) has risen sharply, recording gains of 4.53% in the past 4 weeks. However, the stock has corrected -0.6% in the past 1 week, providing a good buying opportunity on dips. Praxair (PX) : Traders are bullish on Praxair (PX) as it has outperformed the S&P 500 by a wide margin of 4.75% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.05%, relative to the S&P 500.
Company shares have received an average consensus rating of Hold for the current week The stock has recorded a twenty day Moving Average of 2.52% and the fifty day Moving Average is 4.77%. Praxair Inc. is up 10.73% in the last three month period. Year-to-Date the stock performance stands at 20.65%.
Praxair (PX) has been rated by 11 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $140 and the lowest price target forecast is $112. The average forecast of all the analysts is $124.82 and the expected standard deviation is $8.65.
Praxair (NYSE:PX): On Fridays trading session , Opening price of the stock was $123.38 with an intraday high of $123.55. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $121.36. However, the stock managed to close at $121.82, a loss of 0.99% for the day. On the previous day, the stock had closed at $123.04. The total traded volume of the day was 1,006,641 shares.
Praxair, Inc. (Praxair) is an industrial gas supplier in North and South America, Asia and Europe. The Companys operations are organized into five segments, four of which have been determined on a geographic basis of segmentation: North America, Europe, South America and Asia. In addition, Praxair operates its surface technologies business through its wholly owned subsidiary, Praxair Surface Technologies, Inc., which represents the fifth segment. The Companys products in its industrial gases business include atmospheric gases (oxygen, nitrogen, argon, rare gases) and process gases (carbon dioxide, helium, hydrogen, electronic gases, specialty gases, acetylene). The company also designs, engineers and builds equipment that produces industrial gases primarily for internal use. The companys surface technologies segment, operated through Praxair Surface Technologies, Inc., supplies wear-resistant and high-temperature corrosion-resistant metallic and ceramic coatings and powders.