Goodrich Near 52-Week High After Earnings Release

Filed under: Earnings Reports, Honeywell Intl (HON), United Technologies (UTX)

Goodrich (GR), a company that supplies items to the aerospace and defense industries and whose competitors include Honeywell (HON) and United Technologies Corp. (UTX), issued its fourth-quarter results on Thursday. Friday, the shares hit a new 52-week high of $94.12 during the intraday session; they eventually settled down to $93.09, good for a gain of 0.6%, a move backed by above-average volume.

The 52-week low for the stock is $61.24, so the shares have come a long way over the last 12 months. The chart shows a nice uptrend that emerged from a round of sideways trading. How was the Q4 profit? Does it validate the bullish sentiment?

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Goodrich Near 52-Week High After Earnings Release originally appeared on BloggingStocks on Sat, 05 Feb 2011 12:40:00 EST. Please see our terms for use of feeds.

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