Pembina Pipeline Corporation, HollyFrontier Corp, PetroChina Company Limited and others have been on an uptrend.
Leading equity indices in the US declined as S&P 500 was down 2.5% before closing the session at 3,759.69. Nasdaq slipped 3.36% and closed at 10,525.
While price action maintains a negative bias, United States Interest Rate released yesterday at 18:00 UTC with a figure of four, while the previous figure was 3.25.
What is an uptrend?
A trend is the overall direction of a market or an asset's trading price over a certain period. An uptrend is when the price is generally pointing upwards; there can be certain periods of time when the price falls, yet the trend remains in an upward direction.
An 8 day uptrend, moves by 3.12%: Pembina Pipeline closes at $32.75 ahead of quarterly performance report to be released tomorrow
Stable at $32.75 and still trending upwards, yesterday's session put the brakes on the ongoing uptrend — yesterday's trading volume was 670,892 shares which is slightly below the 21-day average of 710,573.
Pembina Pipeline is scheduled to announce earnings results tomorrow. The consensus Earnings Per Share estimate is 0.52 and the consensus revenue estimate is $1.86 billion.
A 2.74% increase in 9 days: HollyFrontier levels up 2% in yesterday's session; traders eye opening bell in 2 hours time
HollyFrontier is on a 9 day uptrend, gaining a total of 2.74%. yesterday's session pointed in the same direction — HollyFrontier went up to $36.39 yesterday after ending Tuesday at $35.68. Overall, a 2% move or 71 cents. Daily trading volume (4.78 million shares) increased, making up 119% of the 21-day average (4 million).
A 4 day uptrend, decreases by 13.85%: PetroChina traders look to claw back yesterday's 0.51% decline to maintain ongoing trend
Though in the midst of a 4 day uptrend, gaining a total of 13.85%, ($5.94), yesterday's session suggests run might be coming to an end — during yesterday's session, PetroChina toiled and struggled for upward momentum before closing at $46.85. By the close, the PetroChina suffered a 24 cents or 0.51% loss. PetroChina's recent uptrend could be petering out after the company eclipsed its average daily volume of 41,541 by 441% today.
A 10 day, 1.89% uptrend: Phillips 66 Partners closes at $42 after gaining 1.89%
Phillips 66 Partners is on a 10 day bullish run gaining 0 cents (1.89%). it was more of the same for Phillips 66 Partners yesterday — Phillips 66 Partners went up to $42 yesterday after ending Tuesday at $41.23. Overall, a 1.89% move or 77 cents. Daily trading volume (16.20 million shares) increased, making up 221% of the 21-day average (7.33 million).