Cheniere Energy, Inc. and National Oilwell Varco Inc are the ones to notice as they lead energy stocks on an uptrend.
Markets completed a mixed session yesterday, as Dow Jones was down 0.17% before closing the session at 33,619. Nasdaq ended the session at 12,257 after a 0.18% gain.
What is an uptrend?
An uptrend describes the price movement of a continuously appreciative financial asset over a particular time frame. In an uptrend, each successive peak and trough is higher than the ones found earlier in the trend. The uptrend is therefore composed of higher swing lows and higher swing highs.
Cheniere Energy continues a 4 day uptrend; moves up 0.94% yesterday
After setting a $148.4 – $150.29 range, Cheniere Energy, Inc. closed the day at $149.59 having risen 0.94%. The liquefied natural gas exporter went up to $149.59, gaining 0.94%. Yesterday's trading volume was 1.18 million shares which is slightly under the 21-day average of 1.36 million.
NOV continues a 4 day uptrend; rises 1.03% yesterday
After setting a $15.63 – $16 range, NOV closed the day at $15.72 having risen 1.03%. After closing at $15.56 on Friday, NOV maintained a strong bullish bias that helped the stock close higher at $15.72 yesterday. However, market bears ensured the the hydrocarbon exploration enabler topped out at $16 and that by the end of the session, the market had marked out a distinct $15.63 to $16 range. Trading volume totalled 4.19 million which equates to around 83% of the stock's 21-day average yesterday. NOV disclosed a quarterly dividend of 5 cents per share on Friday, February 24th that was paid on Friday, March 31st to all shareholders of record up until Friday, March 17th. Based on current prices, the company's decision thereby provides NOV investors with an annual dividend yield of 1.27%.