Ecopetrol S.A., National Oilwell Varco Inc, Valvoline Inc. are the ones to notice as they lead energy stocks on an uptrend.
Leading equity indices in the US rose as Dow Jones ended the session at 34,200 after a 0.64% gain. Nasdaq gained 0.64% and closed at 11,000.
More data out yesterday as United States Consumer Price Index released yesterday at 13:30 UTC with a figure of -0.1%, while the previous figure was 0.1%.
What is an uptrend?
An uptrend describes the price movement of a continuously appreciative financial asset over a particular time frame. In an uptrend, each successive peak and trough is higher than the ones found earlier in the trend. The uptrend is therefore composed of higher swing lows and higher swing highs.
Ecopetrol continues a 6 day uptrend; goes up 1.58% yesterday
After setting a $11.32 – $11.68 range, Ecopetrol S.A. closed the day at $11.55 having risen 1.58%. After closing at $11.55 yesterday, Ecopetrol maintained a strong bullish bias that helped the stock close higher at $11.55. However, market bears ensured the Colombia's largest petroleum supplier topped out at $11.68 and that by the end of the session, the market had marked out a distinct $11.32 to $11.68 range. Daily trading volume (3.79 million shares) increased, making up 144% of the 21-day average (2.63 million).
Ecopetrol continues a 6 day uptrend; goes up 1.58% yesterday
After setting a $11.32 – $11.68 range, Ecopetrol S.A. closed the day at $11.55 having risen 1.58%. After closing at $11.55 yesterday, Ecopetrol maintained a strong bullish bias that helped the stock close higher at $11.55. However, market bears ensured the Colombia's largest petroleum supplier topped out at $11.68 and that by the end of the session, the market had marked out a distinct $11.32 to $11.68 range. Daily trading volume (3.79 million shares) increased, making up 144% of the 21-day average (2.63 million).
Ecopetrol continues a 6 day uptrend; goes up 1.58% yesterday
After setting a $11.32 – $11.68 range, Ecopetrol S.A. closed the day at $11.55 having risen 1.58%. After closing at $11.55 yesterday, Ecopetrol maintained a strong bullish bias that helped the stock close higher at $11.55. However, market bears ensured the Colombia's largest petroleum supplier topped out at $11.68 and that by the end of the session, the market had marked out a distinct $11.32 to $11.68 range. Daily trading volume (3.79 million shares) increased, making up 144% of the 21-day average (2.63 million).
Ecopetrol continues a 6 day uptrend; goes up 1.58% yesterday
After setting a $11.32 – $11.68 range, Ecopetrol S.A. closed the day at $11.55 having risen 1.58%. After closing at $11.55 yesterday, Ecopetrol maintained a strong bullish bias that helped the stock close higher at $11.55. However, market bears ensured the Colombia's largest petroleum supplier topped out at $11.68 and that by the end of the session, the market had marked out a distinct $11.32 to $11.68 range. Daily trading volume (3.79 million shares) increased, making up 144% of the 21-day average (2.63 million).