TROW closes lower for the 2nd day in a row
T. Rowe Price Group (TROW) Technical Analysis Report for Aug 10, 2018 | by Techniquant Editorial Team
Moving lower for the 2nd day in a row, TROW finished the week -0.22% lower at 117.14 after losing $1.75 (-1.47%) today. Today's closing price of 117.14 marks the lowest close since July 6th. Closing below Thursday's low at 118.74, the stock confirms its breakout through the previous session's low having traded $2.06 below it intraday.
Daily Candlestick Chart (TROW as at Aug 10, 2018):
Friday's trading range was $1.35 (1.14%), that's below last trading month's daily average range of $2.49. Things look different on a weekly scale, where volatility is below the markets average with the monthly volatility being slightly above average.
Prices are trading close to the key resistance level at 118.21.
Although still in a long-term uptrend, the short and medium-term trends both turned bearish already.