RHI pushes through prior session high
Robert Half International (RHI) Technical Analysis Report for May 17, 2018
Moving higher for the 2nd day in a row, RHI finished Thursday at 63.73 gaining $0.38 (0.6%). Today's closing price of 63.73 marks the highest close since Inception. The bulls were in full control today, moving the market higher throughout the whole session. Closing above Wednesday's high at 63.70, Robert Half confirms its breakout through the previous session's high having traded $0.18 above it intraday.
Thursday's trading range was $0.62 (0.98%), that's far below last trading month's daily average range of $1.14. Things look different on a weekly scale, where volatility is below the markets average with the monthly volatility being above average.
The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.
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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