AJG ends the day indecisive
Arthur J. Gallagher & Co. (AJG) Technical Analysis Report for Apr 16, 2018 | by Techniquant Editorial Team
AJG ended Monday at 69.28 gaining $0.83 (1.21%) on low volume. Today's closing price of 69.28 marks the highest close since March 21st. Closing above Friday's high at 69.23, Arthur J. confirms its breakout through the prior session's high having traded $0.65 above it intraday. Ending the day with an indecisive close, neither buyers nor sellers were able to gain control during the session.
Daily Candlestick Chart (AJG as at Apr 16, 2018):
Monday's trading range was $1.03 (1.49%), that's slightly below last trading month's daily average range of $1.29. Things look different on a weekly scale, where volatility is slightly below the markets average with the monthly volatility being slightly below average.
Prices are trading close to a key support level at 68.83. Prices are trading close to the key resistance level at 70.07.
The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term. The share managed to break above the 50-day moving average at 68.49 today for the first time since April 12th.