Tyco - 52 Week High

Published on Tuesday, 02 October 2012 12:34 Written by TradersHuddle Wire

tyc New York, October 2nd (TradersHuddle.com) - Shares of Tyco International Ltd. (NYSE:TYC) booked a new 52 week high today by trading above $28.65, traders are definitely monitoring Tyco's price action to see if this move attracts further buying into the stock.

Tyco International Ltd. (NYSE:TYC) provides security products and services, fire protection and detection products and services, valves and controls, and other industrial products.

Tyco is currently trading 1.82% versus its previous trading session close, and it has calculated support and resistance at $26.64 and $28.00 respectively. Clearly, with this action this range has been penetrated, and traders will be reviewing price action to establish a new tradable range.

The overall market index S&P 500 is trading lower by -0.1% from its previous trading close, which means that Tyco stock is outperforming the overall market.

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