US Markets
Home›US Markets›Equities›Carrier Global shares near key $62.50 support after $7…
Carrier Global shares near key $62.50 support after $76.76 high
Carrier Global was last around $62.73 after its June 25 run-up to about $76.76, and its 10-day put/call ratio of 1.18 sits above 85% of past-year readings.
Carrier Global Corporation shares have cooled since a June 25 near 52-week high around $76.76, with the stock last seen flat at about $62.73 on Monday, reflecting proximity to a widely watched $62.50 level.
According to analysis cited by Yahoo Finance, $62.50 has acted as both support and resistance, and the stock is also approaching a trendline tied to historically bullish outcomes.
The piece also points to options positioning, noting that Carrier Global's 10-day put/call volume ratio of 1.18 at venues including the International Securities Exchange, Cboe Options Exchange, and NASDAQ OMX PHLX is higher than 85% of readings from the past year.
Yahoo Finance further cites Schaeffer's quantitative work suggesting the stock has traded within a volatility condition relative to its 200-day moving averages' 20-day average true range, and that a similar pattern has coincided with an average 8.1% gain one month later over prior instances.
Latest closeNasdaq Comp. 27,193.34 ▼1.2%