- Solid trading session sets up assault on pivotal resistance at $53; currently 12 cents away
- Upper Bollinger Band® currently at $19.34
Technical analysis shows that it will be interesting to follow how Kinder Morgan Inc's run now faces a challenge at $17.77, which is only 23 cents away. Concerning technical analysis and more specifically, trend indicators, Kinder Morgan's CCI indicator is below -100, meaning the market price is unusually low and below its rolling moving average. According to asset volatility analysis, Kinder Morgan's lower Bollinger Band® is at $17.19, indicating that the market is oversold and fertile for new buyers.
For the time being, Kinder Morgan remains flat without a clear direction.
Around $52.88, LKQ Corp can look to establish a new bullish phase beyond its 3 day Simple Moving Average. LKQ Corp's lower Bollinger Band® is at $52.17, indicating that the market is oversold and fertile for new buyers. Despite this, LKQ Corp's run now faces a challenge at $53, which is only 12 cents away and will be interesting to follow.
LKQ Corp continues to move higher with technical analysis indicating the trend will continue in the short term.
CRH PLC's upper Bollinger Band® is at $40.94. CRH PLC's run now faces a challenge at $39.64, which is only 1 cents away and will be interesting to follow.
CRH PLC is likely to reverse course and start pointing downward in the short term.
Fundamental indicators – United States Building Permits (Nov) came out at 1.34 million, while a consensus of analysts was expecting 1.49 million.
Upcoming fundamentals: tomorrow at 15:30 UTC data for United States Crude Oil Inventories will be released, with an expected decline to -167,000 from the preceding figure of 10.23 million.