ITT Corporation (ITT) Shares are Up 2.43%

ITT Corporation (ITT) has been under a strong bear grip, hence the stock is down -1.95% 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 2.26% in the past 1 week. The stock has risen by 2.43% in the past week indicating that the buyers are active at lower levels, but the stock is down -2.48% in the past 4 weeks.

The stock has recorded a 20-day Moving Average of 1.52% and the 50-Day Moving Average is 3.83%.The 200 Day SMA reached 3.72%

ITT

ITT Corporation (NYSE:ITT): After opening at $35.72, the stock dipped to an intraday low of $35.44 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $36.21 and the buying power remained strong till the end. The stock closed at $35.84 for the day, a gain of 0.79% for the day session. The total traded volume was 561,292. The stocks close on the previous trading day was $35.84.

ITT Corporation (ITT) : The highest level ITT Corporation (ITT) is projected to reach is $42 for the short term and the lowest estimate is at $32. The consolidated price target from 9 rating analysts who initiate coverage on the stock is $38.56 and the possibility the share price can swing is $3.68.

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.

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