Jabil Circuit (JBL) : Traders are bullish on Jabil Circuit (JBL) as it has outperformed the S&P 500 by a wide margin of 3.52% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.1%, 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 1.61% in the last 1 week, and is up 3.38% 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 2.31% and the 50-Day Moving Average is 7.02%.The 200 Day SMA reached 6.61%. Jabil Circuit Inc. is up 9.65% in the last 3-month period. Year-to-Date the stock performance stands at -6.86%.
Jabil Circuit (NYSE:JBL): After opening at $21.37, the stock dipped to an intraday low of $21.25 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $21.525 and the buying power remained strong till the end. The stock closed at $21.42 for the day, a gain of 0.61% for the day session. The total traded volume was 974,074. The stocks close on the previous trading day was $21.29.
Jabil Circuit, Inc. provides electronic manufacturing services and solutions. The Company provides electronic design, production and product management services to companies in the aerospace, automotive, computing, defense, digital home, energy, healthcare, industrial, instrumentation, lifestyles, mobility, mold, networking, packaging, peripherals, storage, telecommunications and wearable technology industries. The Companys operating segments include Electronics Manufacturing Services (EMS) and Diversified Manufacturing Services (DMS). The EMS segment is focused around leveraging information technology (IT), supply chain design and engineering, technologies centered on core electronics. The DMS segment is focused on providing engineering solutions, heavy participation in consumer markets, access to higher growth markets and a focus on material sciences and technologies.