Timken Company (The) (TKR) : Traders are bullish on Timken Company (The) (TKR) as it has outperformed the S&P 500 by a wide margin of 4.73% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 7.77%, 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 7.69% in the last 1 week, and is up 8.25% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 6.88% and the 50-Day Moving Average is 3.95%. The Timken Company has dropped 5.39% during the last 3-month period . Year-to-Date the stock performance stands at 18.92%.
Timken Company (The) (NYSE:TKR): stock turned positive on Friday. Though the stock opened at $33.28, the bulls momentum made the stock top out at $33.62 level for the day. The stock recorded a low of $32.73 and closed the trading day at $33.45, in the green by 0.30%. The total traded volume for the day was 928,468. The stock had closed at $33.35 in the previous days trading.
The Timken Company (Timken) engineers, manufactures and markets bearings, transmissions, gearboxes, chain and related products and offers a spectrum of power system rebuild and repair services around the world. The Company operates through two segments: Mobile Industries, which offers bearings, seals, lubrication devices and systems, as well as power transmission components, engineered chain, augers and related products and maintenance services, and Process Industries, which provides industrial bearings and assemblies, power transmission components such as gears and gearboxes, couplings, seals, lubricants, chains and related products and services. The Companys industrial brands include Timken, Fafnir, Philadelphia Gear, Drives and Interlube. The Company sells products and services to the following market sectors: industrial equipment, construction, agriculture, rail, aerospace and defense, automotive, heavy truck and energy.