APC closes higher for the 4th day in a row
Anadarko Petroleum Corporation (APC) Technical Analysis Report for May 17, 2018 | by Techniquant Editorial Team
Moving higher for the 4th day in a row, APC finished Thursday at 71.14 gaining $0.82 (1.17%). Today's closing price of 71.14 marks the highest close since January 24, 2017. Closing above Wednesday's high at 70.67, the market confirms its breakout through the previous session's high having traded $0.98 above it intraday.
Daily Candlestick Chart (APC as at May 17, 2018):
Thursday's trading range was $1.04 (1.47%), that's far below last trading month's daily average range of $1.54. Things look different on a weekly scale, where volatility is slightly above the markets average with the monthly volatility being below average.
The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.
2,017's high at 72.32 is within reach and we might see further upside momentum should Anadarko Petroleum manage to break out beyond.