Do Traders Think Mueller Industries Inc (MLI) Can Turn Around Monday?

Overall market sentiment has been high on Mueller Industries Inc (MLI) stock lately. MLI receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.

Mueller Industries Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on MLI!

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What is Stock Sentiment?

Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends. Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend. Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With MLI Stock Today?

Mueller Industries Inc (MLI) stock is trading at $53.37 as of 2:34 PM on Monday, Apr 1, a decline of -$0.56, or -1.04% from the previous closing price of $53.93. The stock has traded between $53.14 and $54.34 so far today. Volume today is light. So far 192,951 shares have traded compared to average volume of 722,834 shares. To see InvestorsObserver's Sentiment Score for Mueller Industries Inc click here.

More About Mueller Industries Inc

Mueller Industries Inc makes copper, brass, aluminum, and plastic products. The company reports three business segments: piping systems, industrial metals, and climate. Piping systems, earning most of the company's revenue, produces tubes, fittings, rods, valves, and other products and operates various firms worldwide. The industrial metals segment manufactures impacts and micro-gauge, brass rod and copper bar products, and brass value-added products. The climate segment produces items used to create temperature-control goods, including valves, twisted tubes, coaxial heat exchangers, and others. Numerous systems use the aforementioned products, including HVAC, water distribution, refrigeration, and automotive. Most sales derive from the United States, but the company operates worldwide. Click Here to get the full Stock Report for Mueller Industries Inc stock.