DO climbs to highest close since January 26th
Moving higher for the 6th day in a row, DO ended Monday at 18.71 gaining $0.19 (1.03%) on low volume. Today's closing price of 18.71 marks the highest close since January 26th. Closing above Friday's high at 18.63, the stock confirms its breakout through the prior session's high having traded $0.32 above it intraday.
Monday's trading range was $0.69 (3.73%), that's slightly below last trading month's daily average range of $0.82. Things look different on a weekly scale, where volatility is way above the markets average with the monthly volatility being way above average.
After trading as low as 18.26 during the day, the share bounced off the key support level at 18.37. The failure to close below the support might increase that levels importance as support going forward.
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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|Bounced off Technical Support S1||TQ Pro Members Only|
|Closed above last periods high||TQ Pro Members Only|
|6 Consecutive Higher Closes||TQ Pro Members Only|
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