A slow down: after three days of going up, A. O. Smith was flat yesterday and closed at $66.69.

Yesterday at a glance: after ending yesterday at $66.67, the water heater manufacturer recovers back to $66.69 after dipping down to $65.94 earlier today.

United States JOLTs Job Openings (Apr) is next today at 14:00 UTC.

A. O. Smith's state is reflected by market data as United States Consumer Confidence beat the 99 projections, with 102.3. United States S&P/CS HPI Composite – 20 n.s.a. (YoY) (Mar) came out at -1.1, while a consensus of analysts was expecting -1.6.

Chart analysis suggests A. O. Smith Corp is currently alternating around $66.14 with price action moving above and below this key level throughout the session. Technical analysis trend indicators suggest that A. O. Smith made an initial break below its 3 day Simple Moving Average at $66.5, a possible indication of a forthcoming negative trend. A. O. Smith formed a session range of $65.94 to $66.91 leaving buyers and sellers highly concentrated around an active Fibonacci support level of $66.34. Asset volatility analysis shows that A. O. Smith's upper Bollinger Band® is at $70.67 and the lower is $65.59.

Overall, technical indicators suggest A. O. Smith has no obvious direction for the immediate future.

Meanwhile, mixed performances were seen by other industrials stocks as Deere & Company closed at $350.63 (down 1.84%). United Parcel Service stumbles 1.05% yesterday to close at $171.57. Union Pacific added 1.25% to its value, and traded at $194.2.

Data to be released today might clear up some of the market fog as United States Crude Oil Inventories is projected to outperform its last figure with -1.10 million, having previously been at -12.46 million. The figure will be published tomorrow at 15:00 UTC. United States ADP Nonfarm Employment Change (May) scheduled to come out tomorrow at 12:15 UTC. As things stand, upcoming United States Initial Jobless Claims data is projected to fall short of market expectations with newly published data of 235,000, following on from the preceding figure of 229,000. New data is set to be published tomorrow at 12:30 UTC.

7 months ago, the water heater manufacturer fell to a low of $48.58 but has since recovered 37.24%.