Anna Williams Posted May 8, 2020 Share Posted May 8, 2020 What is the short-term outlook for the Siemens stock price? Quote Link to comment Share on other sites More sharing options...
0 James Byrnes Posted May 9, 2020 Share Posted May 9, 2020 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. Quote Link to comment Share on other sites More sharing options...
Question
Anna Williams
What is the short-term outlook for the Siemens stock price?
Link to comment
Share on other sites
1 answer to this question
Recommended Posts
Join the conversation
You can post now and register later. To reply to this question, sign in or create a new account.