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Makino Presses Nidec for Response on Tender Offer Conditions
Technical selection of Hot Stocks = Nidec Corporation Sponsored ADR, breaking above the upper limit of the Ichimoku Kinko Hyo daily 'cloud', just about to form a mini golden crossover.
On the 18th, the stock price of Nidec Corporation Sponsored ADR <6594.T> surpassed the 25-day moving average at closing, and on the following day, the 19th, it continued to rise by 69 yen compared to the previous day, with a trading volume of 5.49 million shares, breaking through the upper limit of the resistance band called "cloud" surrounded by the two leading spans of the Ichimoku Kinko Hyo daily chart. The 5-day moving average is approaching the gently rising 25-day line from below, and the deviation between the two moving averages has also narrowed to about 4 yen. A mini golden cross (GC) between the 5-day and 25-day lines has formed, the first since February 21.
The ADR trends on the 20th show that INPEX, Keyence, Mitsubishi UFJ, etc., are performing well in yen conversion values.
On the 20th, the ADRs (American Depositary Receipts) showed mixed results compared to the closing values in Tokyo on the 19th when converted to yen. In terms of yen conversion, INPEX <1605.T>, Keyence <6861.T>, Mitsubishi UFJ <8306.T>, Sumitomo Mitsui <8316.T>, Mizuho <8411.T>, etc., were higher. On the other hand, Daiichi Sankyo <4568.T>, Nidec Corporation Sponsored ADR <6594.T>, Nissan <7201.T>, Toyota <7203.T>, Honda <7267.T>, etc., were weaker. Provided by We.
List of cloud penetration stocks [Ichimoku Kinko Hyo - List of cloud penetration stocks]
○ List of stocks that have broken through the clouds Market Code Stock Name Closing Price Leading Span A Leading Span B Tokyo Main Board <1890> Toyo Construction 1372 1366.25 1329.5 <1949> Sumitomo Electric Industries 4960 4890 4890 <2154> Open UP 1868 1866.25 1845 <2292> S FOODS 2586
Regarding the introduction of the "response policy to acquisitions" by Makino Milling Machine Co., Ltd. (Stock Code: 6135)
Company Name: Nidec Corporation. Representative: President and Company Executive Hikari Kishida. Exchange: Tokyo Stock Exchange Main Board (6594). Location: 338 Kuze Donjo-cho, Minami-ku, Kyoto City. Contact: Corporate Communication Department Head Keita Watanabe. Phone: (075) 935-6150. As announced in the announcement regarding the planned start of a public tender offer for Makino Milling Machine Co., Ltd. (Securities Code: 6135) dated December 27, 2024.
Press Release: Nidec Announces Its Submissions of Answers to the Third Questionnaire From Makino Milling Machine Co., Ltd. (Securities Code: 6135)
