AMN closes higher for the 3rd day in a row
AMN Healthcare Services Inc (AMN) Technical Analysis Report for May 17, 2018 | by Techniquant Editorial Team
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 Candlestick Chart (AMN as at May 17, 2018):
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.
While still in a long-term uptrend, the short and medium-term trends both turned bearish already.
Selling might speed up should prices move below the close-by swing low at 55.16 where further sell stops could get triggered.