EW closes within prior day's range
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.
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.
While classical technical analysis indicates a neutral sentiment for the next trading day, our quantitative statistics show a different picture being very bullish.
Market Conditions for Edwards Lifesciences
|Close to R1 Resistance||TQ Pro Members Only|
|4 Consecutive Higher Closes||TQ Pro Members Only|
|Low close to previous low||TQ Pro Members Only|
|Close to Swing High||TQ Pro Members Only|
|Up Close near high of period||TQ Pro Members Only|
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