ITT Corporation (ITT) : Traders are bullish on ITT Corporation (ITT) as it has outperformed the S&P 500 by a wide margin of 10.47% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.23%, 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 1.74% in the last 1 week, and is up 10.33% 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 3.92% and the 50-Day Moving Average is 9.65%.The 200 Day SMA reached 5.24%. ITT Inc. is up 2.04% in the last 3-month period. Year-to-Date the stock performance stands at 1.88%.
ITT Corporation (NYSE:ITT): After opening at $36.23, the stock dipped to an intraday low of $36.005 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $36.97 and the buying power remained strong till the end. The stock closed at $36.75 for the day, a gain of 2.28% for the day session. The total traded volume was 1,450,664. The stocks close on the previous trading day was $35.93.
ITT Corporation (ITT) is a diversified manufacturer of engineered critical components and technology solutions for industrial markets. The Companys product and service offerings are organized in four segments: Industrial Process, Motion Technologies, Interconnect Solutions and Control Technologies. Industrial Process manufactures engineered fluid process equipment, and is a provider of plant optimization, solutions and aftermarket services and parts. Motion Technologies manufactures brake components, shock absorbers and damping technologies for the automotive, truck and trailer, public bus and rail transportation markets. Interconnect Solutions manufactures and designs a range of engineered connector solutions that makes it possible to transfer signal and power between electronic devices. Control Technologies manufactures equipment, including actuation, valves, and noise and energy absorption components for the aerospace and defense, and industrial markets.