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Johnson Controls (JCI) Value Breakout

Johnson Controls (JCI) Value Breakout

by | Nov 7, 2021 | Chart SetUps

Johnson Controls (JCI) starting to move above the monthly value high on Friday and near a bull flag breakout above $74.75 with a measured move to $77.50. A move higher targets the September peak and continuation of the bigger long-term move that targets $86. JCI is back above its 8-, 21- and 55-EMA and RSI just below 60 with plenty of room for expansion. And, with XLI breaking out of a huge weekly range, the group could see continued tailwinds from rotations.