ITRK.L closes higher for the 2nd day in a row
Intertek (ITRK.L) Technical Analysis Report for Jul 13, 2018
Moving higher for the 2nd day in a row, ITRK.L ended the week 2.42% higher at 5762.00 after gaining £58.00 (1.02%) today. Today's closing price of 5762.00 marks the highest close since June 18th. Closing above Thursday's high at 5722.00, the market confirms its breakout through the previous session's high having traded £82.00 above it intraday. Ending the day with an indecisive close, neither buyers nor sellers were able to gain control during the session.
Friday's trading range was £74.00 (1.29%), that's slightly below last trading month's daily average range of £89.80. Things look different on a weekly scale, where volatility is slightly above the markets average with the monthly volatility being way below average.
The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.
With prices trading close to this year's high at 5870.00, upside momentum could speed up should the share be able to break out to new highs for the year.
While classical technical analysis indicates a neutral sentiment for the next trading day, our quantitative statistics show a different picture being bearish.