Western Midstream Partners, LP, Targa Resources Corp., The Williams Companies, Inc. and others have been on an uptrend.
Markets did not have a clear cut direction — after dropping 0.56%, Dow Jones closed at 34,400. Nasdaq closed 11,482 after a stable day.
Current market events are being influenced by ambiguous macro data as United States ISM Manufacturing PMI (Nov) released today at 15:00 UTC with a figure of 49, while the previous figure was 50.2.
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 5 day, 6.3% uptrend: Western Midstream gains 0.71%; sets session high of $28.43
Western Midstream Partners, LP continues a 5 day uptrend, gaining a total of 6.3%. today's session pointed in the same direction — Western Midstream ended yesterday at $28. today it went up to $28.43 only to drop back, yet still managed to close at $28.18. Today's trading volume was 593,108 shares which is under the 21-day average of 916,011.
Targa Resources continues climbing, currently at $74.95: Risk-on sentiment allowed Targa Resources to post 0.75% gain today
Having gone up $3.76 over the past 7 days, on-trend Targa Resources closed the session today with more of the same: after ending yesterday at $74.39, Targa Resources spiked to $76.12 today, dropped back to starting point range, and rallied again to $74.95. Today's trading volume was 1.32 million shares which is slightly under the 21-day average of 1.49 million.
A 9 day, 5.5% rise: Williams Companies reaches a new high at $35.45, for the first time in 3 months
Maintaining its 9 days rise (+$1.6), today's session pointed in the same direction — after closing at $34.92 today, Williams Companies maintained a strong bullish bias that helped the stock close higher at $34.92. However, market bears ensured the the natural gas processor topped out at $35.45 and that by the end of the session, the market had marked out a distinct $34.77 to $35.45 range. The day's trading volume totalled 5.50 million shares — slightly under the 21-day average of 5.89 million.
Ascends for 7 days (+5.03%): Pembina Pipeline rallies beyond $36.93 for the first time in 2 months
Keeping up its 7 days of climbing (+$1.68), today's session pointed in the same direction — Pembina Pipeline spiked to $36.93 today and consolidated before initiating a fresh rally to $36.55. This comes following yesterday's session in which it closed at $36.48. The day's trading volume totalled 590,033 shares — slightly under the 21-day average of 644,760.