Pembina Pipeline Corporation, Marathon Petroleum Corp, Cheniere Energy Partners, L.P. are the ones to notice as they lead energy stocks on an uptrend.
Markets closed higher Friday, as Dow Jones gained 0.59% and closed at 33,746. S&P 500 ended the session at 3,965.34 after a 0.48% gain.
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.
Increases for 8 days and going up 6.51%: Pembina Pipeline opened at $34.75 Friday before posting solid session gaining 0.2%
Maintaining its 8 days rise (+$2.08), Friday's session pointed in the same direction — after dipping down to $34.56, Pembina Pipeline regained earlier losses and reaches $35.18. Daily trading volume (998,385 shares) increased, making up 149% of the 21-day average (668,212).
At $121.18, Marathon Petroleum continues its uptrend: Marathon Petroleum closes at $121.18 after gaining 0.65%
Having added to its $4.54 increase during 8 days of gains, on-trend Marathon Petroleum closed the session Friday with more of the same: generally flat but with a slight bullish bias, Marathon Petroleum ranged between $117.97 and $121.83 before closing higher at $121.18. Daily trading volume (3.78 million shares) was slightly above the current multiday average of 3 million.
An 8 day uptrend, moves up by 3.76%: Cheniere Energy Partners levels up 0.58% in Friday's session; traders eye opening bell in 5 hours time
Cheniere Energy Partners is on an 8 day bullish run gaining $1.7 (3.76%). Cheniere Energy Partners pointed in the same direction Friday: Cheniere Energy Partners ended Thursday's session at $55.43. Friday started with an increase to $56.92, but dropped back and closed at $55.75. The day's trading volume totalled 164,575 shares — slightly under the 21-day average of 190,913.
A 6 day uptrend, goes up by 3.7%: Cheniere Energy opened at $162.86 Friday before posting solid session gaining 1.37%
Having gone up $3.72 over the past 6 days, Cheniere Energy stayed on track Friday: pronounced bullish sentiment in the market helped Cheniere Energy to make a notable 1.37% gain Friday, rising $2.27 and ultimately closing at $167.75. Friday's trading volume was 2.13 million shares which is slightly below the 21-day average of 2.45 million.