RMD.AX rallies 2.45% closing A$0.38 higher
Resmed Inc Cdi 10:1 Foreign Exempt NYSE (RMD.AX) Technical Analysis Report for Sep 14, 2018 | by Techniquant Editorial Team
RMD.AX finished the week 1.6% higher at 15.87 after surging A$0.38 (2.45%) today. This is the biggest single day gain in over seven months. Today's closing price of 15.87 marks the highest close since Inception. Closing above Thursday's high at 15.61, the share confirms its breakout through the prior session's high having traded A$0.36 above it intraday. Ending the day with an indecisive close, neither buyers nor sellers were able to gain control during the session.
Daily Candlestick Chart (RMD.AX as at Sep 14, 2018):
Friday's trading range was A$0.14 (0.88%), that's slightly below last trading month's daily average range of A$0.16. Things look different on a weekly scale, where volatility is slightly below the markets average with the monthly volatility being above average.
Prices are trading close to a key support level at 15.82.
The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.