Timken Company (The) (TKR) : Traders are bullish on Timken Company (The) (TKR) as it has outperformed the S&P 500 by a wide margin of 4.06% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 5.48%, 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 5.65% in the last 1 week, and is up 3.51% 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 5.7% and the 50-Day Moving Average is 5.62%.The 200 Day SMA reached 12.44%
Timken Company (The) (NYSE:TKR): After opening at $34.65, the stock dipped to an intraday low of $34.6 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $35.28 and the buying power remained strong till the end. The stock closed at $35.14 for the day, a gain of 1.68% for the day session. The total traded volume was 632,896. The stocks close on the previous trading day was $35.14.
Timken Company (The) (TKR) : Currently there are 4 street experts covering Timken Company (The) (TKR) stock. The most bullish and bearish price target for the stock is $40 and $32 respectively for the short term. The average price target of all the analysts comes to $35.5. The estimated standard deviation from the target is $3.32.
The Timken Company (Timken) engineers, manufactures and markets bearings, transmissions, gearboxes, chain and related products and offers a spectrum of power system rebuild and repair services around the world. The Company operates through two segments: Mobile Industries, which offers bearings, seals, lubrication devices and systems, as well as power transmission components, engineered chain, augers and related products and maintenance services, and Process Industries, which provides industrial bearings and assemblies, power transmission components such as gears and gearboxes, couplings, seals, lubricants, chains and related products and services. The Companys industrial brands include Timken, Fafnir, Philadelphia Gear, Drives and Interlube. The Company sells products and services to the following market sectors: industrial equipment, construction, agriculture, rail, aerospace and defense, automotive, heavy truck and energy.