PRU closes higher for the 3rd day in a row
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.
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.
While classical technical analysis indicates a slightly bullish sentiment for the next trading day, our quantitative statistics show a different picture being bearish.
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|Closed above last periods high||TQ Pro Members Only|
|3 Consecutive Higher Closes||TQ Pro Members Only|
|Up Close near high of period||TQ Pro Members Only|
|Decisive Up Move||TQ Pro Members Only|
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