PRU closes higher for the 3rd day in a row
Prudential Financial Inc. (PRU) Technical Analysis Report for May 17, 2018 | by Techniquant Editorial Team
Moving higher for the 3rd day in a row, PRU finished Thursday at 102.61 gaining $1.44 (1.42%). Today's closing price of 102.61 marks the highest close since May 1st. The bulls were in full control today, moving the market higher throughout the whole session. Closing above Wednesday's high at 101.73, the market confirms its breakout through the previous session's high having traded $1.26 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 (PRU as at May 17, 2018):
Thursday's trading range was $2.17 (2.15%), that's slightly below last trading month's daily average range of $2.21. Things look different on a weekly scale, where volatility is below the markets average with the monthly volatility being slightly above average.
Though the share is experiencing a short-term up trend, this could just be a correction, as both the medium and long term trends are still in negative territory.