Praxair (PX) Shares are Up 0.15%

Praxair (PX) : During the past 4 weeks, traders have been relatively bearish on Praxair (PX), hence the stock is down -0.75% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -0.28% 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 0.15% in the last 1 week, and is up 1.72% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

Praxair (NYSE:PX): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $117.23 and $116.57 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $117.39. The buying momentum continued till the end and the stock did not give up its gains. It closed at $116.71, notching a gain of 0.03% for the day. The total traded volume was 846,485 . The stock had closed at $116.67 on the previous day.

The stock has recorded a 20-day Moving Average of 0.45% and the 50-Day Moving Average is 2.55%. Praxair Inc. is up 2.81% in the last 3-month period. Year-to-Date the stock performance stands at 15.59%.

Praxair (PX) : The most positive equity analysts on Praxair (PX) expects the shares to touch $140, whereas, the least positive believes that the stock will trade at $112 in the short term. The company is covered by 12 Wall Street Brokerage Firms. The average price target for shares are $123.58 with an expected fluctuation of $8.84 from the mean.


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.

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