GSK.L rockets 2.27% on high volume

GlaxoSmithKline (GSK.L) Technical Analysis Report for Jun 14, 2018 | by Techniquant Editorial Team


GSK.L rallies 2.27% on high volume
GSK.L dominated by bulls lifting the market higher throughout the day
GSK.L closes higher for the 6th day in a row
GSK.L pushes through previous session high
GSK.L rises to highest close since July 25, 2017


Moving higher for the 6th day in a row, GSK.L ended Thursday at 1580.20 surging £35.00 (2.27%) on high volume. This is the biggest single day gain in over two months. Today's closing price of 1580.20 marks the highest close since July 25, 2017. The bulls were in full control today, moving the market higher throughout the whole session. Closing above Wednesday's high at 1549.80, the share confirms its breakout through the prior session's high having traded £40.20 above it intraday.

Daily Candlestick Chart (GSK.L as at Jun 14, 2018):

Daily technical analysis candlestick chart for GlaxoSmithKline (GSK.L) as at Jun 14, 2018

Thursday's trading range was £44.00 (2.85%), that's far above last trading month's daily average range of £19.52. Weekly volatility is also higher, being way above the markets average with the monthly volatility being above average.

The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.

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