Tyco International plc (TYC) Shares are Up 2.63%

Tyco International plc (TYC) has been under a strong bear grip, hence the stock is down -2.12% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 2.66% in the past 1 week. The stock has risen by 2.63% in the past week indicating that the buyers are active at lower levels, but the stock is down -1.75% in the past 4 weeks.

Tyco International plc is up 10.4% in the last 3-month period. Year-to-Date the stock performance stands at 44.15%. The stock has recorded a 20-day Moving Average of 0.23% and the 50-Day Moving Average is 3.62%.


Tyco International plc (NYSE:TYC): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $44.77 and $44.62 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $45.21. The buying momentum continued till the end and the stock did not give up its gains. It closed at $44.96, notching a gain of 0.11% for the day. The total traded volume was 2,884,533 . The stock had closed at $44.91 on the previous day.

Also, In the latest statement by the brokerage house, Morgan Stanley maintains its outlook on Tyco International plc (NYSE:TYC). The current rating of the shares is Overweight, according to the research report released by the firm. The brokerage firm raises the price target from $51 per share to $53 per share. The rating by the firm was issued on August 1, 2016.

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