EW closes within prior day's range
Edwards Lifesciences (EW) Technical Analysis Report for Jun 14, 2018 | by Techniquant Editorial Team
EW finished Thursday at 151.56 losing $0.42 (-0.28%) on high volume. Closing within the previous day's range, prices failed to decisively move beyond the prior day's trading range. Ending the day with an indecisive close, neither buyers nor sellers were able to gain control during the session.
Daily Candlestick Chart (EW as at Jun 14, 2018):
Thursday's trading range was $3.32 (2.18%), that's above last trading month's daily average range of $2.61. Weekly volatility is also higher, being way above the markets average with the monthly volatility being way above average.
During the whole day, prices traded within the previous day's range, unable to trade above the prior day's high or below the previous day's low forming an Inside Bar.
Prices are trading close to the key resistance level at 153.66. After having been unable to move above 153.66 in the prior session, the share ran into sellers again around the same price level today, failing to move higher than 153.50.
The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.
Buying might accelerate should prices move above the nearby swing high at 153.66 where further buy stops could get activated.