FTV pops to highest close since April 5th


Fortive Corp (FTV) Technical Analysis Report for May 17, 2018 | by Techniquant Editorial Team

Highlights

FTV closes higher for the 2nd day in a row
FTV ends the day on a bullish note closing near the high of the day
FTV pushes through previous session high
FTV rises to highest close since April 5th

Overview

Moving higher for the 2nd day in a row, FTV finished Thursday at 77.35 gaining $0.57 (0.74%). Today's closing price of 77.35 marks the highest close since April 5th. Closing above Wednesday's high at 76.91, the share confirms its breakout through the previous session's high having traded $0.58 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 (FTV as at May 17, 2018):

Daily technical analysis candlestick chart for Fortive Corp (FTV) as at May 17, 2018

Thursday's trading range was $1.09 (1.42%), that's slightly below last trading month's daily average range of $1.40. Things look different on a weekly scale, where volatility is way below the markets average with the monthly volatility being slightly above average.

The stock shows strength in the short-term supported by its long-term uptrend with only the medium-term trend being bearish.

Further buying might move prices higher should the market test April's nearby high at 78.08.


Market Conditions for FTV as at May 17, 2018

Loading Market Conditions for FTV (Fortive Corp)...
Latest Report:

FTV runs into sellers again around 80.90

Oct 19, 2018
Trending Assets

Upgrade your trading!

Get the stats behind the charts

Find out what happened when Fortive Corp traded like this in the past. See the odds for each technical pattern with expected gain and loss.

Find out more
Top Movers
You have free reports remaining. Subscribe for unlimited access...SUBSCRIBELOGINGO!