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Thursday, March 29, 2012

Gains In Conglomerate Sector For The Day (FSS) (TXT) (UTX) (RTN) (LUK)

Federal Signal Corp. (NYSE: FSS): traded higher by 1.28% or $0.07/share to $5.56. In the past year, the shares have traded as low as $3.50 and as high as $6.96. On average, 328103 shares of FSS exchange hands on a given day and today's volume is recorded at 177132. The shares are currently trading above the 50-day moving average which indicates that the shares have been experiencing strong upward momentum as the 50 DMA is above the 200 DMA. The stock may come back down to test the 50-day moving average, so look for a move back to the $4.84 area where the stock will likely see buying pressure.

Textron Inc. (NYSE: TXT): traded higher by 0.62% or $0.17/share to $27.51. In the past year, the shares have traded as low as $14.66 and as high as $28.65. On average, 4406110 shares of TXT exchange hands on a given day and today's volume is recorded at 1971464. The shares are currently trading above the 50-day moving average which indicates that the shares have been experiencing strong upward momentum as the 50 DMA is above the 200 DMA. The stock may come back down to test the 50-day moving average, so look for a move back to the $27.29 area where the stock will likely see buying pressure.

United Technologies Corp. (NYSE: UTX): traded higher by 0.39% or $0.32/share to $81.84. In the past year, the shares have traded as low as $66.87 and as high as $91.83. On average, 4617650 shares of UTX exchange hands on a given day and today's volume is recorded at 1569710. The shares are currently trading below the 50-day moving average but above the 200-day moving average. The stock may be range bound between these two levels where the 50-day moving average of $83.71 represents resistance and the 200-day moving average of $77.31 would be an area of support.

Raytheon Company (NYSE: RTN): traded higher by 0.08% or $0.04/share to $52.56. In the past year, the shares have traded as low as $38.35 and as high as $53.00. On average, 2286990 shares of RTN exchange hands on a given day and today's volume is recorded at 769707. The shares are currently trading above the 50-day moving average which indicates that the shares have been experiencing strong upward momentum as the 50 DMA is above the 200 DMA. The stock may come back down to test the 50-day moving average, so look for a move back to the $51.15 area where the stock will likely see buying pressure.

Leucadia National Corp. (NYSE: LUK): fell by 2.65% or $-0.71/share to $26.09. In the past year, the shares have traded as low as $20.19 and as high as $39.14. On average, 871245 shares of LUK exchange hands on a given day and today's volume is recorded at 406921. The shares are currently trading below the 50-day moving average but above the 200-day moving average. The stock may be range bound between these two levels where the 50-day moving average of $28.08 represents resistance and the 200-day moving average of $25.59 would be an area of support.