Schlumberger NV, National Oilwell Varco Inc, Halliburton Co and others have been on an uptrend.
Leading equity indices in the US rose as Dow Jones gained 1.34% and closed at 31,500. S&P 500 closed the day at 3,797.34, having gained 1.19%.
More data out yesterday as United States Services PMI released yesterday at 13:45 UTC with a figure of 46.6, while the previous figure was 49.3.
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 7 day, 23.7% rise: Solid session for Schlumberger generates 3.45% gain yesterday
Schlumberger NV continues a 7 day surge, reaping a total of 23.7%. yesterday continued on the same track for Schlumberger — pronounced bullish sentiment in the market helped Schlumberger to make a notable 3.45% gain yesterday, rising $1.74 and ultimately closing at $52.15. Daily trading volume (26 million shares) was above the current multiday average of 15.71 million.
An increase of 23.32% in 7 days: NOV Inc. gains 1.8% within $21.49 to $22.26 daily range
NOV is on a 7 day bullish run gaining $3.78 (23.32%). NOV stayed on track yesterday: after closing Friday at $21.66, NOV Inc. closed at $22.05 yesterday after climbing to $22.26 and dropping back down. Daily trading volume (5.23 million shares) was slightly greater than the current multiday average of 4 million.
Moves up for 7 days and gaining 17.58%: Halliburton gains 2.07%, closes at $34.58 ahead of the quarterly earnings report set for today
Halliburton displays further gains following a recent trend of 7 days and $4.47. yesterday's session pointed in the same direction — bullish sentiment helped Halliburton to hammer out a noteworthy $33.77 to $34.75 range yesterday, and finally closing at $34.58 to end the session. Daily trading volume (16.39 million shares) was above the current multiday average of 12.17 million.
Halliburton is scheduled to announce earnings results today. The consensus Earnings Per Share estimate is 0.5579 and the consensus revenue estimate is $5.33 billion.
A 7 day uptrend, climbs by 13.23%: Bullish mood lifts Valero to session high of $129.94
Yesterday's session pointed in the same direction — pronounced bullish sentiment in the market helped Valero to make a notable 1.16% gain yesterday, rising $1.48 and ultimately closing at $129.22. Valero is on a 7 day bullish run gaining $13.62 (13.23%). Daily trading volume (4.51 million shares) was slightly above the current multiday average of 3.88 million.
Valero's market cap currently stands at $50.91 billion with an average daily trading volume of 3.88 million shares. Valero now trading 18.45% above its 3-month low of $66.94. So far in 2022, it has been outperforming the S&P 500 by 95.46%.
Valero is scheduled to announce earnings results today. The consensus EPS estimate is 7.33 and the consensus revenue estimate is $38.86 billion.