FTV pops to highest close since April 5th
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.
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.
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 Fortive Corp
|Bullish Engulfing Candle||TQ Pro Members Only|
|Close to R1 Resistance||TQ Pro Members Only|
|White Candle||TQ Pro Members Only|
|Low close to previous low||TQ Pro Members Only|
|Close to Swing High||TQ Pro Members Only|
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