Halliburton Co, Western Midstream Partners, LP, Antero Midstream Corporation and others have been on an uptrend.
Markets completed a mixed session Friday while after dropping 0.18%, Nasdaq closed at 11,461. S&P 500 closed at 4,071.7, a 0.12% change.
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, 8.33% rise: Bullish mood lifts Halliburton to session high of $39.26
Halliburton Co is on a 5 day uptrend, gaining a total of 8.33%. Friday's session pointed in the same direction — having ended a bullish session Friday at $38.87, momentum helped Halliburton finish the day 98 cents or 2.59% higher, although mixed sentiments ensured the world's 2nd largest oil field service company etched out a distinct $37.5 to $39.26 session range. The day's trading volume totalled 7.49 million shares — slightly under the 21-day average of 8.85 million.
A 7 day uptrend, moves up by 7.05%: Western Midstream posts solid session with 0.71% gain; upside capped at $28.47
Western Midstream continues a 7 day surge, reaping a total of 7.05%. on-trend Western Midstream closed the session Friday with more of the same: generally flat but with a slight bullish bias, Western Midstream ranged between $27.91 and $28.47 before closing higher at $28.38. Friday's trading volume was 384,472 shares which is under the 21-day average of 870,908.
Increases for 9 days and gaining 6.86%: Antero Midstream opened at $11.25 Friday before posting solid session gaining 0.53%
9 days and 67 cents of gains are not enough for Antero Midstream. Friday's session pointed in the same direction — bullish sentiment helped the Appalachian natural gas supplier to hammer out a noteworthy $11.19 to $11.4 range Friday, and finally closing at $11.37 to end the session. Friday's trading volume was 1.64 million shares which is lower than the 21-day average of 2.60 million.
A 9 day, 6.46% uptrend: Targa Resources maintains composure within $73.94 to $75.51 range
While Targa Resources is on a 9 day uptrend Friday's session put the brakes on the ongoing uptrend — a quiet day for Targa Resources as it remained range-bound within a $73.94 – $75.51 range before closing at $75.19. Friday's trading volume was 1.14 million shares which is slightly below the 21-day average of 1.48 million.