IFX.DE climbs to highest close since March 4, 2002
Infineon Technologies AG (IFX.DE) Technical Analysis Report for Jun 14, 2018 | by Techniquant Editorial Team
Moving higher for the 2nd day in a row, IFX.DE finished Thursday at 25.49 surging €0.52 (2.08%) on high volume. This is the biggest single day gain in over a week. Today's closing price of 25.49 marks the highest close since March 4, 2002. Closing above Wednesday's high at 25.05, Infineon confirms its breakout through the previous session's high having traded €0.59 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 (IFX.DE as at Jun 14, 2018):
Thursday's trading range was €0.85 (3.4%), that's far above last trading month's daily average range of €0.56. Weekly volatility is also higher, being way above the markets average with the monthly volatility being slightly below average.
After having been unable to move lower than 24.71 in the prior session, the stock found buyers again around the same price level today at 24.79.
The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.