Joy Global spikes higher, levels to watch The shares have spiked in the last 5 minutes, trading up over 2.2% to $39.78. At that price next resistance is at $41.66, the 50-day moving average. The 50-day is the downtrend resistance line on the 1-year chart. The spike is being attributed to unconfirmed takeover speculation.
Rumor: Joy Global strength attributed to takeover speculation The recent move higher in shares of Joy Global is being attributed to renewed takeover speculation in the name. The stock is up 1.5% to $39.44.