AVY rises to highest close since August 10th
Avery Dennison Corp (AVY) Technical Analysis Report for Sep 14, 2018
Moving higher for the 3rd day in a row, AVY ended the week 3.49% higher at 109.06 after gaining $0.57 (0.53%) today. Today's closing price of 109.06 marks the highest close since August 10th. Closing above Thursday's high at 108.76, the share confirms its breakout through the prior session's high having traded $0.64 above it intraday.
Friday's trading range was $1.33 (1.23%), that's slightly below last trading month's daily average range of $1.45. Things look different on a weekly scale, where volatility is 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.
While classical technical analysis indicates a neutral sentiment for the next trading day, our quantitative statistics show a different picture being bullish.
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