AIT pops to highest close since Inception
Applied Industrial Technologies Inc. (AIT) Technical Analysis Report for Sep 14, 2018 | by Techniquant Editorial Team
Moving higher for the 6th day in a row, AIT finished the week 4.05% higher at 79.65 after gaining $0.35 (0.44%) today. Today's closing price of 79.65 marks the highest close since Inception. Closing above Thursday's high at 79.55, the share confirms its breakout through the prior session's high having traded $0.80 above it intraday.
Daily Candlestick Chart (AIT as at Sep 14, 2018):
Friday's trading range was $1.10 (1.39%), that's slightly below last trading month's daily average range of $1.19. Things look different on a weekly scale, where volatility is slightly above the markets average with the monthly volatility being way below average.
The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.