CHRW pushes through previous session high
C. H. Robinson Worldwide (CHRW) Technical Analysis Report for Apr 16, 2018
CHRW ended Monday at 97.62 surging $3.35 (3.55%) on high volume. This is the biggest single day gain in over three years. Today's closing price of 97.62 marks the highest close since Inception. Closing above Friday's high at 95.99, the market confirms its breakout through the prior session's high having traded $2.67 above it intraday. Ending the day with an indecisive close, neither buyers nor sellers were able to gain control during the session.
Monday's trading range was $2.17 (2.24%), that's slightly above last trading month's daily average range of $2.06. Weekly volatility is also higher, being above the markets average with the monthly volatility being above average.
Prices are trading close to a key support level at 96.31.
The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.
With prices trading close to this year's high at 99.69, upside momentum might speed up should the share be able to break out to new highs for the year.
While classical technical analysis indicates a slightly bullish sentiment for the next trading day, our quantitative statistics show a different picture being bearish.
Market Conditions for C. H. Robinson Worldwide
Top Market Movers