Cheniere Energy Partners, L.P., Cheniere Energy, Inc., Western Midstream Partners, LP are the ones to notice as they lead energy stocks on an uptrend.
Leading equity indices in the US rose as S&P 500 ended the session at 4,080 after a 3.09% gain. Nasdaq gained 4.41% and closed at 11,468.
Meanwhile, data from United States concerning Crude Oil Inventories was released today at 15:30 UTC. Newly published figures emphasized continued decline from last month's figure of -3.69 million to -12.58 million this month.
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.
An increase of 15.54% in 14 days: Cheniere Energy Partners hits new all-time high at $62.08
Cheniere Energy Partners, L.P. continues a 14 day uptrend, gaining a total of 15.54%. Cheniere Energy Partners lived up to expectations today by maintaining its set course — having ended a bullish session today at $62.08, momentum helped Cheniere Energy Partners finish the day 54 cents or 0.88% higher, although mixed sentiments ensured the LNG provider etched out a distinct $60.93 to $62.08 session range. Daily trading volume (1.39 million shares) increased, making up 622% of the 21-day average (223,193).
Cheniere Energy's uptrend continues, up to $175.36: Cheniere Energy gains 1.57%; sets session high of $176.48
Having added to its $10.89 increase during 12 days of gains, today's session pointed in the same direction — the US natural gas producer went up to $175.36, gaining 1.57%. Daily trading volume (2.47 million shares) was slightly above the current multiday average of 2.27 million.
A 4 day, 5.55% uptrend: Western Midstream appreciates 0.68% with $28.28 as the high of the day
Western Midstream is on a 4 day bullish run gaining $1.28 (5.55%). Western Midstream stayed on track today: Western Midstream spiked to $28.28 today and consolidated before initiating a fresh rally to $28. This comes following yesterday's session in which it closed at $27.79. Daily trading volume (2.42 million shares) was above the current multiday average of 856,053.
Targa Resources continues climbing, currently at $74.39: New 5 months high for Targa Resources at $74.69
Targa Resources displays further gains following a recent trend of 6 days and $3.09. today continued on the same track for Targa Resources — pronounced bullish sentiment in the market helped the US natural gas supplier to make a notable 0.91% gain today, rising 67 cents and ultimately closing at $74.39. Daily trading volume (1.67 million shares) increased, making up 113% of the 21-day average (1.47 million).