DHI dominated by bulls lifting the market higher throughout the day
D.R. Horton Inc. (DHI) Technical Analysis Report for May 17, 2018 | by Techniquant Editorial Team
Moving higher for the 2nd day in a row, DHI ended Thursday at 41.39 gaining $0.42 (1.03%). The bulls were in full control today, moving the market higher throughout the whole session. Closing above Wednesday's high at 41.04, D. R. Horton confirms its breakout through the previous session's high having traded $0.58 above it intraday.
Daily Candlestick Chart (DHI as at May 17, 2018):
Thursday's trading range was $0.73 (1.78%), that's below last trading month's daily average range of $1.28. Things look different on a weekly scale, where volatility is way above the markets average with the monthly volatility being above average.
Prices are trading close to the key resistance level at 41.66.
The trend is clearly bearish, showing an intact downtrend in the short, medium and long-term.