This Stock Is Now On The Radar

Today, the construction services firm Jacobs Engineering Group Inc. (NYSE:JEC) is trading lower by 0.53 cents to $51.18 a share. This stock stock peaked out in late November 2016 at $63.42 a share. Since that high pivot the stock has been steadily trending lower. Traders and investors should note that JEC stock is now tagging the weekly chart 200 moving average. This level is also coinciding with the wide range breakout bar from early November 2016.

 

Traders can look to buy JEC stock around the $49.00 level. It is important to use a weekly chart stop loss on any close below $45.95. The upside target for this stock is around $54.00 and ultimately a move into $60.00 area.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: