AMN closes higher for the 3rd day in a row


Amn Healthcare Services Inc (AMN) Technical Analysis Report for May 17, 2018 [< 1 min read]
Highlights
AMN closes higher for the 3rd day in a row
AMN pushes through previous session high
AMN rises to highest close since May 3rd
TQ Sentiment
Report Sentiment: 25% Bullish
Technical Forecast:
Overview

Moving higher for the 3rd day in a row, AMN finished Thursday at 57.25 gaining $0.55 (0.97%). Today's closing price of 57.25 marks the highest close since May 3rd. Closing above Wednesday's high at 57.03, the market confirms its breakout through the previous session's high having traded $0.67 above it intraday.

Daily chart for AMN
Volatility

Thursday's trading range was $1.15 (2.02%), that's slightly below last trading month's daily average range of $1.94. Things look different on a weekly scale, where volatility is way below the markets average with the monthly volatility being way above average.

Trend

While still in a long-term uptrend, the short and medium-term trends both turned bearish already.

Order Flow

Selling might speed up should prices move below the close-by swing low at 55.16 where further sell stops could get triggered.

Conclusion

While classical technical analysis indicates a neutral sentiment for the next trading day, our quantitative statistics show a different picture being bullish.

Market Conditions for Amn Healthcare Services Inc
Condition Forecast Direction Win Avg Worst Best Events
Decisive Up Move TQ Pro Members Only
White Candle TQ Pro Members Only
Close to Swing High TQ Pro Members Only
High close to previous High TQ Pro Members Only
Close to Swing Low TQ Pro Members Only
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