- The lower Bollinger Band® is currently at $9.08 while the higher band is at $11.44
Having lost 24 cents over 3 days, Today is looking a bit better: RADA Electronic Industries trades at $9.87, after ending yesterday at $9.87.
The stock has been trending positively for about 4 months. Approximately 8 months ago, the global defense tech company reached a significant high of $16.43 but has struggled to hold onto its gains and declined 39.93% since then.
RADA Electronic Industries Ltd.'s upper Bollinger Band® is at $11.44 and the lower is $9.08.
Despite muted price action in RADA Electronic Industries, chart analysis indicates it is positioned for a bullish run in the short term.
Fundamental indicators – highly important Consumer Confidence data from United States beat analyst expectations of 100 with a reading of 100.2.
Meanwhile, mixed performances are seen in other industrials stocks as United Parcel Service is trading at $184.73 after ending yesterday's session at $179.91 (up 2.68%). Union Pacific is trading at $212.97 after ending yesterday's session at $208.52 (up 2.14%). Boeing added 2.05% to its value, now trading at $175.34.
Upcoming fundamentals: United States Pending Home Sales is projected to outperform its last figure with -5%. It previously stood at -10.2%; data will be released tomorrow at 15:00 UTC.