DVN pushes through prior session high
Devon Energy Corporation (DVN) Technical Analysis Report for May 17, 2018 | by Techniquant Editorial Team
Moving higher for the 2nd day in a row, DVN finished Thursday at 42.36 gaining $0.96 (2.32%). Today's closing price of 42.36 marks the highest close since January 29th. Closing above Wednesday's high at 41.59, the share confirms its breakout through the previous session's high having traded $1.11 above it intraday.
Daily Candlestick Chart (DVN as at May 17, 2018):
Thursday's trading range was $1.03 (2.47%), that's slightly below last trading month's daily average range of $1.16. Things look different on a weekly scale, where volatility is below the markets average with the monthly volatility being slightly above average.
The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.