Jump to content
  • 0
Sign in to follow this  
Anna Williams



1 answer to this question

Recommended Posts

  • 0

Hi Anna, thanks for coming here. Siemens stock price surged higher on Friday despite a significant plunge in the profit experienced in the last quarter. The company reported that its industrial profit slid 18% lower in the second quarter. The net profit crashed 64% compared to the same period a year ago with orders declining 8%. 

Still, shares of Siemens popped higher as investors feared results that were much worse. The stock price hit a new 2-month high and touched the $90 handle for the first time since March. Therefore, I’d suspect a move towards the resistance area $94 - $97 is next on the cards.

Share this post

Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

  • Create New...