Parker Hannifin Upward Momentum Looks to Continue (PH)
Jan 07, 2010 (SmarTrend(R) Spotlight via COMTEX) --
Company: Parker-Hannifin Corp. (PH)
SmarTrend identified an Uptrend for Parker Hannifin (NYSE:PH) on July 21, 2009 at $46.78. In approximately 6 months, Parker Hannifin has returned 15.9% as of today's recent price of $54.21.
Parker Hannifin is currently above its 200-day moving average of $48.03 and should find resistance at its 50-day moving average of $54.95. Look for these moving averages to climb to confirm the company's upward momentum.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Parker Hannifin shares.
Write to Chip Brian at cbrian@tradethetrend.com
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Company: Parker-Hannifin Corp. (PH)
Related terms: market, nyse, securities
