Cheniere Energy Partners, L.P., Marathon Petroleum Corp, Cheniere Energy, Inc. are the ones to notice as they lead energy stocks on an uptrend.
Leading equity indices in the US rose as Dow Jones gained 1.18% and closed at 34,100. S&P 500 ended the session at 4,003.58 after a 1.36% gain.
More data out yesterday as United States API Weekly Crude Oil Stock came out at -4.8 million, while a consensus of analysts was expecting -2.2 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 10 day, 10.85% uptrend: Risk-on sentiment allowed Cheniere Energy Partners to post 6.26% gain yesterday
10 days and $2.32 of gains are not enough for Cheniere Energy Partners, L.P.. yesterday's session pointed in the same direction — after ending Monday at $56.05, the LNG provider spiked to $59.56 and closed yesterday at $59.56 — gaining 6.26% overall. Daily trading volume (202,272 shares) increased, making up 103% of the 21-day average (196,533).
At $126.6, Marathon Petroleum continues its uptrend: Marathon Petroleum hits fresh record high at $127.32
Keeping up its 10 days of climbing (+$4.45), yesterday continued on the same track for Marathon Petroleum — having closed Monday at $120.31, bullish sentiment helped Marathon Petroleum to reach highs around $127.32 before paring gains and ending yesterday at $126.6. Daily trading volume (4.31 million shares) increased, making up 132% of the 21-day average (3.27 million).
An 8 day uptrend, soars by 6.62%: Cheniere Energy opened at $165.25 yesterday before posting solid session gaining 4.83%
Cheniere Energy continues an 8 day uptrend, gaining a total of 6.62%. yesterday's session pointed in the same direction — the liquefied natural gas exporter gained 4.83% and stayed at $172.47 levels. The day's trading volume totalled 1.99 million shares — slightly under the 21-day average of 2.44 million.
A 4 day uptrend, leaps up by 5.04%: Bullish mood lifts MPLX to session high of $34
Maintaining its 4 days rise (+52 cents), yesterday's session pointed in the same direction — after closing yesterday at $33.94, the large-cap master limited partnership peaked at $34 before giving up early gains and closing at $33.94. Daily trading volume (1.92 million shares) increased, making up 107% of the 21-day average (1.80 million).