The Hourly View for JBL
At the moment, JBL (Get Ratings)’s price is up $0.21 (0.39%) from the hour prior. JBL has seen its price go down 4 out of the past 5 hours, thus creating some compelling opportunities for bears. As for the trend on the hourly timeframe, we see the clearest trend on the 100 hour timeframe. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.
JBL’s Technical Outlook on the Daily Chart
At the moment, JBL’s price is up $0.21 (0.39%) from the day prior. This is the 2nd day in a row JBL has seen its price head up. As for the trend on the daily timeframe, we see the clearest trend on the 50 day timeframe. The moving averages on the daily timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend. Jabil Inc’s price action over the past 90 days can be seen via the chart below.
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The post Jabil Inc (JBL): Price Now Near $54.26; Daily Chart Shows An Uptrend on 100 Day Basis appeared first on ETF Daily News.
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