Honda Motor Company Ltd. (HMC) Shares are Up 2.41%

Honda Motor Company Ltd. (HMC) : Traders are bullish on Honda Motor Company Ltd. (HMC) as it has outperformed the S&P 500 by a wide margin of 7.05% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.9%, 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 2.41% in the last 1 week, and is up 6.91% 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 3.16% and the 50-Day Moving Average is 11.48%.The 200 Day SMA reached 9.84%. Honda Motor Co., Ltd. is up 13.91% in the last 3-month period. Year-to-Date the stock performance stands at -3.04%.


Honda Motor Company Ltd. (NYSE:HMC): After opening at $30.9, the stock dipped to an intraday low of $30.8601 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $30.975 and the buying power remained strong till the end. The stock closed at $30.96 for the day, a gain of 0.58% for the day session. The total traded volume was 1,062,430. The stocks close on the previous trading day was $30.78.

Honda Motor Co., Ltd. (Honda), develops, produces and manufactures a range of motor products, ranging from small general-purpose engines and scooters to specialty sports cars. The Company has four segments: motorcycle business, automobile business, financial services business, and power product and other businesses. Hondas motorcycle business segment offers motorcycle line, including sports (including trial and moto-cross racing), business and commuter models. Its automobile business segment offers passenger cars, light trucks and mini vehicles. The Companys financial services business segment offers retail lending, leasing to customers and other financial services, such as wholesale financing to dealers. Its power product and other businesses segment manufactures a power products, including tillers, portable generators, general-purpose engines, grass cutters, outboard marine engines, water pumps, snow throwers, power carriers, power sprayers, lawn mowers and lawn tractors.

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