Praxair (PX) : Traders are bullish on Praxair (PX) as it has outperformed the S&P 500 by a wide margin of 5.91% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.82%, 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 1.33% in the last 1 week, and is up 5.77% 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 2.59% and the 50-Day Moving Average is 5.26%.The 200 Day SMA reached 12.13%. Praxair Inc. is up 10.56% in the last 3-month period. Year-to-Date the stock performance stands at 22.25%.
Praxair (NYSE:PX): After opening at $123.04, the stock dipped to an intraday low of $122.9 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $123.67 and the buying power remained strong till the end. The stock closed at $123.44 for the day, a gain of 0.48% for the day session. The total traded volume was 489,626. The stocks close on the previous trading day was $122.85.
Praxair, Inc. (Praxair) is an industrial gas supplier in North and South America, Asia and Europe. The Companys operations are organized into five segments, four of which have been determined on a geographic basis of segmentation: North America, Europe, South America and Asia. In addition, Praxair operates its surface technologies business through its wholly owned subsidiary, Praxair Surface Technologies, Inc., which represents the fifth segment. The Companys products in its industrial gases business include atmospheric gases (oxygen, nitrogen, argon, rare gases) and process gases (carbon dioxide, helium, hydrogen, electronic gases, specialty gases, acetylene). The company also designs, engineers and builds equipment that produces industrial gases primarily for internal use. The companys surface technologies segment, operated through Praxair Surface Technologies, Inc., supplies wear-resistant and high-temperature corrosion-resistant metallic and ceramic coatings and powders.