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Praxair, Inc. (PX) - Buy, Sell or Hold?

Sector: Basic Industries   Sub-Sector: Major Chemicals
Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Fri, 18 Aug 2017NoneDojiWed, 02 Aug 20171.3%
***Stock database and scans are updated around midnight (New York time) every trading day.
131.21 0.00 (0%) Aug 21 4:02pm EDT
Open: 131.62 Range: 130.98 - 132.05 Vol: 1.01M Avg Vol: 1.24M
EPS: 5.34 P/E ratio: 24.78 EBITDA: 3.54B Mkt Cap: 37.84B
Analyze "PX" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Down
Last Trade is below the 5 day moving average at 132.04
Medium Term: Trend is Down
Last Trade is below the 20 day moving average at 131.30
Last Trade is below the 50 day moving average at 132.93
Long Term: Trend is Up
Last Trade is above the 200 day moving average at 123.75
* Data normalized for Splits & Dividends. Report data issues
How to use this info: Stock Timing With Moving Averages
Daily Chart of PX

Stock Trend Analysis - Buy, Sell or Hold "Praxair, Inc." (PX)?

PX is in a very strong uptrend. In the last 52 weeks, PX has been trading above the 200 day moving average for 90% of the time with an average daily volume of 1.2M shares being traded. In the medium term, the 50 day moving average, currently at 132.93 for PX is also very bullish, indicating good swing trading opportunities for longs. The 20 day moving average is however indicating a predominance of range bound trading with a slight bearish bias, which may indicate beginnings of a topping formation. It is unsurprising to have some profit taking set in at this stage as PX's performance has been very strong thus far. A good area to consider taking a long position in PX is near the 200 SMA currently at 123.75. Click here for the latest support & resistance levels to help you finetune your entry into or exit out of "PX".

The analyst consensus estimates for the 1 year price target for this stock is $1.60* (*source: Yahoo Finance).

Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Fri, 18 Aug 2017
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