SNA closes higher for the 2nd day in a row


Snap-On Inc. (SNA) Technical Analysis Report for May 17, 2018 | by Techniquant Editorial Team

Highlights

SNA closes higher for the 2nd day in a row
SNA pushes through previous session high
SNA rises to highest close since April 19th

Overview

Moving higher for the 2nd day in a row, SNA finished Thursday at 151.83 gaining $1.07 (0.71%). Today's closing price of 151.83 marks the highest close since April 19th. Closing above Wednesday's high at 151.60, the stock confirms its breakout through the prior session's high having traded $1.09 above it intraday.

Daily Candlestick Chart (SNA as at May 17, 2018):

Daily technical analysis candlestick chart for Snap-On Inc. (SNA) as at May 17, 2018

Thursday's trading range was $1.96 (1.3%), that's below last trading month's daily average range of $2.72. Things look different on a weekly scale, where volatility is below the markets average with the monthly volatility being way below average.

Prices are trading close to a key support level at 150.56.

Although the share is experiencing a short-term up trend, this might just be a correction, as both the medium and long term trends are still in negative territory.


Market Conditions for SNA as at May 17, 2018

Loading Market Conditions for SNA (Snap-On Inc.)...
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