JCI has been trading side-ways since late November. The company has a strong track record of not disappointing the market, with quarterly results never having fallen behind consensus estimates in the past 23 quarters. The company during mid November acquired Skymark International and also signed a non-binding memorandum of understanding with Ford Motor Company. With the company into making batteries for hybrid vehicles, the recently passed bill could be a booster for the company. With the stock trading near a significant support, the risk reward ratio seems to be in favour of the bulls.
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