DVA closes higher for the 2nd day in a row
DaVita Inc. (DVA) Technical Analysis Report for May 17, 2018
Moving higher for the 2nd day in a row, DVA ended Thursday at 67.58 gaining $0.75 (1.12%). Today's closing price of 67.58 marks the highest close since March 19th. Closing above Wednesday's high at 67.18, the stock confirms its breakout through the previous session's high having traded $0.96 above it intraday.
Daily Candlestick Chart (DVA as at May 17, 2018):
Thursday's trading range was $1.57 (2.35%), that's slightly above last trading month's daily average range of $1.49. Things look different on a weekly scale, where volatility is slightly below the markets average with the monthly volatility being slightly above average.
Although DaVita Inc. 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.
As prices are trading close to May's high at 68.69, upside momentum could speed up should the market mark new highs for the month.