Valvoline Inc., Magellan Midstream Partners, L.P., MPLX LP and others have been on an uptrend.
Leading equity indices in the US rose as Dow Jones closed the day at 30,524, having gained 1.12%. S&P 500 ended the session at 3,720 after a 1.14% gain.
More data out yesterday as United States API Weekly Crude Oil Stock came out at -1.27 million, while a consensus of analysts was expecting 1.55 million.
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.
A 5 day uptrend, soars by 9.22%: Risk-on sentiment allowed Valvoline to post 2.24% gain yesterday
Valvoline Inc. is on a 5 day bullish run gaining $1.71 (9.22%). Valvoline pointed in the same direction yesterday: an influx of buyers helped Valvoline to end the session higher around $27.36, while establishing a $27 to $27.53 session range yesterday. Yesterday's trading volume was 846,910 shares which is under the 21-day average of 1.32 million.
Magellan Midstream Partners's uptrend continues, up to $50.84: Magellan Midstream Partners appreciates 1.46% with $50.97 as the high of the day
It was more of the same for Magellan Midstream Partners yesterday — bullish sentiment helped Magellan Midstream Partners to hammer out a noteworthy $49.88 to $50.97 range yesterday, and finally closing at $50.84 to end the session. Magellan Midstream Partners is on a 7 day bullish run gaining $3.12 (8.19%). Daily trading volume (2 million shares) increased, making up 220% of the 21-day average (932,923).
Magellan Midstream Partners is currently trading with a market cap of $10.56 billion with an average daily trading volume of 932,923 shares. 4 months ago Magellan Midstream Partners reached a significant high of $53.38 but has consequently lost 6.13% since then. The Nasdaq has been doing worse in 2022, it has been passing it by 56.41%. $788.6 million was Magellan Midstream Partners's last reported revenue with $1.67 being the current EPS.
At $32.82, MPLX continues its uptrend: MPLX closes at $32.82 after gaining 2.15%
MPLX is on a 7 day bullish run gaining $1.4 (6.8%). MPLX lived up to expectations yesterday by maintaining its set course — MPLX closed Monday at $32.13. yesterday, it gained 2.15% and remained around $32.82. Daily trading volume (3.96 million shares) increased, making up 206% of the 21-day average (1.93 million).
A 7 day uptrend, improves by 3.79%: Enterprise Products Partners gains 0.55%; sets session high of $25.73
Enterprise Products Partners displays further gains following a recent trend of 7 days and 79 cents. yesterday's session pointed in the same direction — Lightly positive Enterprise Products Partners closed at $25.5 after ranging between $25.07 and $25.73. Daily trading volume (6.89 million shares) was slightly above the current multiday average of 5.33 million.