BDEV.L closes higher for the 3rd day in a row
Moving higher for the 3rd day in a row, BDEV.L finished the week 7.08% higher at 517.20 after gaining £7.20 (1.41%) today. Today's closing price of 517.20 marks the highest close since June 27th. Closing above Thursday's high at 513.00, Barratt Developments confirms its breakout through the prior session's high having traded £8.60 above it intraday.
Friday's trading range was £8.20 (1.6%), that's below last trading month's daily average range of £11.13. Things look different on a weekly scale, where volatility is way above the markets average with the monthly volatility being slightly below average.
Prices are trading close to a key support level at 511.80.
Although the market is experiencing a short-term up trend, this might just be a correction, as both the medium and long term trends are still in negative territory. The share managed to break above the 20-day moving average at 511.80 today for the first time since June 14th.
Even though both sentiments are bullish for the next trading day, the classical technical analysis metrics are only slightly bullish while our quantitative statistics show a bullish sentiment.
Market Conditions for Barratt Developments
|Close near high of period||TQ Pro Members Only|
|White Candle||TQ Pro Members Only|
|High close to previous High||TQ Pro Members Only|
|Bullish Short Candle||TQ Pro Members Only|
|Close to Swing High||TQ Pro Members Only|
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