What is the Market's View on Miller Industries Inc (MLR) Stock's Price and Volume Trends Friday?

Miller Industries Inc (MLR) stock has risen 5.67% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

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

See Full MLR Report

What is Stock Sentiment?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With MLR Stock Today?

Miller Industries Inc (MLR) stock is trading at $39.31 as of 1:25 PM on Friday, Nov 10, a rise of $0.21, or 0.54% from the previous closing price of $39.10. The stock has traded between $39.06 and $39.85 so far today. Volume today is low. So far 12,789 shares have traded compared to average volume of 24,577 shares. To see InvestorsObserver's Sentiment Score for Miller Industries Inc click here.

More About Miller Industries Inc

Miller Industries Inc is engaged in the manufacturing of vehicle towing and recovery equipment. The company produces wreckers, car carriers, and trailer bodies under the Century, Vulcan, Challenger, Holmes, Champion, Chevron, Eagle, Titan, Jige, and Boniface brands. The products are sold primarily in North America, Canada, and Mexico through independent distributors. Click Here to get the full Stock Report for Miller Industries Inc stock.