Halliburton Co, Texas Pacific Land Corporation, Hess Corporation are the ones to notice as they lead energy stocks on an uptrend.
Leading equity indices in the US rose as Dow Jones gained 1.26% and closed at 32,400. S&P 500 ended the session at 3,770.55 after a 1.36% gain.
Uptick coincides with some positive signs published earlier as United States Non Farm Payrolls beat the 200,000 projections, with 261,000.
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 30.84% increase in 16 days: Halliburton ended yesterday at $38.48, a 4.4% increase
Halliburton Co is on a 16 day bullish run gaining $7.45 (30.84%). yesterday's session pointed in the same direction — after ending Thursday's session at $36.86, Halliburton went up to $38.83 yesterday only to fall back and close at $38.48. The volume of trade was 12.18 million shares, close to the daily average of 12.21 million shares.
At $2,566, Texas Pacific Land continues its uptrend: Texas Pacific Land hits new all-time high at $2,563
Texas Pacific Land is on a 9 day bullish run gaining $328.32 (24.15%). Texas Pacific Land pointed in the same direction yesterday: Texas Pacific Land went up to $2,566, gaining 7.13%. Daily trading volume (39,051 shares) increased, making up 121% of the 21-day average (32,154).
Texas Pacific Land released its quarterly earnings report Thursday, beating analysts estimates. The company reported earnings of 16.82 per share on revenue of $191.11 million, topping estimates of 14.38 per share on revenue of $175.67 million. Since the release of its earnings report, Texas Pacific Land gained 10.17%.
Jumps for 16 days and gaining 19.53%: Hess Corporation closes at $146.53 after gaining 3.12%
Hess Corporation is on a 16 day bullish run gaining $19.51 (19.53%). yesterday continued on the same track for Hess Corporation — Hess Corporation gained 3.12% and stayed at $146.53 levels. Daily trading volume (2.87 million shares) was slightly above the current multiday average of 2.19 million.
An increase of 18.25% in 9 days: Imperial Oil ended yesterday at $57.21, a 1.31% increase
Imperial Oil displays further gains following a recent trend of 9 days and $8.09. yesterday's session pointed in the same direction — Imperial Oil closed at $57.21 yesterday after ranging between $56.81 and $59. The day's trading volume totalled 513,257 shares — slightly under the 21-day average of 549,718.
Imperial Oil released its quarterly earnings report Wednesday, beating analysts estimates. The company reported earnings of 2.22 per share on revenue of $15.22 billion, topping estimates of 2.09 per share on revenue of $7.40 billion. Since the release of its earnings report, Imperial Oil gained 3.81%.