PX rises to highest close since March 13th
Moving higher for the 7th day in a row, PX ended Thursday at 159.86 gaining $0.86 (0.54%). Today's closing price of 159.86 marks the highest close since March 13th. Closing above Wednesday's high at 159.81, the stock confirms its breakout through the previous session's high having traded $0.36 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 $1.65 (1.04%), that's below last trading month's daily average range of $2.92. Things look different on a weekly scale, where volatility is way below the markets average with the monthly volatility being slightly above average.
The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.
Selling might speed up should prices move below the nearby swing low at 157.13 where further sell stops could get triggered. Trading close to March's high at 163.47 we might see further upside momentum if potential buy stops at the level get activated.
While classical technical analysis indicates a neutral sentiment for the next trading day, our quantitative statistics show a different picture being bullish.
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|Closed above last periods high||TQ Pro Members Only|
|7 Consecutive Higher Closes||TQ Pro Members Only|
|Close to Swing Low||TQ Pro Members Only|
|Up Close near high of period||TQ Pro Members Only|
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