EXPN.L pushes through previous session high
Experian plc (EXPN.L) Technical Analysis Report for May 17, 2018 | by Techniquant Editorial Team
EXPN.L ended Thursday at 1804.50 surging £95.50 (5.59%) on high volume. This is the biggest single day gain since Inception. Today's closing price of 1804.50 marks the highest close since Inception. The bulls were in full control today, moving the market higher throughout the whole session. Closing above Wednesday's high at 1721.50, Experian confirms its breakout through the prior session's high having traded £91.00 above it intraday. Ending with a strong close near the high of the day sets a bullish note for the next session.
Daily Candlestick Chart (EXPN.L as at May 17, 2018):
Thursday's trading range was £69.00 (3.93%), that's far above last trading month's daily average range of £25.12. Weekly volatility is also higher, being way above the markets average with the monthly volatility being way above average.
Breaking through the key resistance level at 1768.00 today, it is now likely to act as support going forward.
The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.