Applied Industrial Technologies (AIT)

Applied Industrial Technologies is trading at $319.40, down 5.75% on the session. The 50 day average sits at $333.02 and the 200 day at $308.46, which puts the stock in a uptrend. RSI is at 39.1, which reads as weak, and MACD is bearish crossover. Volume is above average.

The nearest support is around $314.85 with resistance near $327.73, so that band frames the current range. Average daily movement is roughly $9.20, or about 2.9% of the share price, which is what any stop placement has to allow for. The overall health score of 55 out of 100 combines a trend score of 69, momentum of 29 and a risk score of 67.

Applied Industrial Technologies, Inc. distributes industrial motion, fluid power, flow control, automation technologies in the United States, Canada, Mexico, Australia, New Zealand, Singapore, and Costa Rica. It operates in two segments, Service Center and Engineered Solutions. The Service Center segment distributes industrial bearings, power transmission, fluid power components and systems, specialty flow control, and advanced factory automation solutions, as well as general maintenance products; and motors, belting, drives, couplings, pumps, linear motion, hydraulic and pneumatic components, filtration supplies, hoses, and other related supplies. It also installs, modifies, and repairs conveyor belts and rubber linings, as well as hose assemblies. The Engineered Solutions segment is involved in distributing, engineering, designing, integrating, and repairing hydraulic and pneumatic fluid power technologies, engineered flow control products and services, and automation technologies; and provision of fluid power and industrial flow control products. Its fluid power products and solutions are used in off-highway mobile equipment, stationary industrial equipment and machines, marine and offshore equipment, factory automation, food processing equipment, packaging operations, and downstream energy process systems. This segment also offers pumps, valves, fittings, hoses, process instrumentation, actuators, and filtration supplies; and advanced automation technologies for the design, engineering, assembly, integration, and distribution of machine vision, collaborative robots, mobile robots, radio-frequency identification, industrial networking, motion control, and machine learning technologies for OEMs, machine builders, integrators, and other industrial and technology sectors. The company was formerly known as Bearings, Inc. and changed its name to Applied Industrial Technologies, Inc. in 1997. The company was founded in 1923 and is headquartered in Cleveland, Ohio