EVHC pops to highest close since September 18, 2017
Envision Healthcare (EVHC) Technical Analysis Report for Sep 14, 2018
EVHC finished the week 0.42% higher at 45.58 after gaining $0.05 (0.11%) today on low volume. Today's closing price of 45.58 marks the highest close since September 18, 2017. Closing within the prior day's range, prices failed to decisively move past the previous day's trading range in a lackluster session. Ending the day with an indecisive close, neither buyers nor sellers were able to gain control during the session.
Friday's trading range was $0.10 (0.22%), that's below last trading month's daily average range of $0.16. Things look different on a weekly scale, where volatility is slightly below the markets average with the monthly volatility being slightly below average.
The market ran into sellers again today around 45.63 for the third trading day in a row after having found sellers at 45.63 in the prior session and at 45.63 two days ago.
The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.
Selling could speed up should prices move below the close-by swing low at 45.42 where further sell stops might get triggered.
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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