NAVI rises to highest close since July 24th
Navient (NAVI) Technical Analysis Report for Sep 14, 2018
Moving higher for the 2nd day in a row, NAVI finished the week 3.04% higher at 13.88 after gaining $0.15 (1.09%) today on high volume. Today's closing price of 13.88 marks the highest close since July 24th. Closing above Thursday's high at 13.74, Navient confirms its breakout through the prior session's high having traded $0.26 above it intraday.
Friday's trading range was $0.29 (2.11%), that's above last trading month's daily average range of $0.25. Weekly volatility is also higher, being slightly above the markets average with the monthly volatility being slightly below average.
The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.
Trading close to July's high at 14.29 we could see further upside momentum if potential buy stops at the level get triggered.
While classical technical analysis indicates a neutral sentiment for the next trading day, our quantitative statistics show a different picture being slightly bearish.
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