National Oilwell Varco Inc, Halliburton Co, Hess Corporation and others have been on an uptrend.
Leading equity indices in the US declined as Nasdaq was down 2.04% before closing the session at 10,971. S&P 500 shed 0.74% and closed at 3,830.6.
On the flip side, data for United States Crude Oil Inventories published yesterday at 14:30 UTC came out at 2.59 million, beating projections of 1 million and showing improvement over the preceding figure of -1.73 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.
An increase of 25.5% in 9 days: Bullish mood lifts NOV Inc. to session high of $22.96
National Oilwell Varco Inc is on a 9 day bullish run gaining $4.41 (25.5%). it was more of the same for NOV Inc. yesterday — having ended a bullish session yesterday at $22.44, momentum helped NOV finish the day 15 cents or 0.67% higher, although mixed sentiments ensured NOV Inc. etched out a distinct $22.31 to $22.96 session range. The day's trading volume totalled 3.56 million shares — slightly below the 21-day average of 3.99 million.
A 9 day, 24.04% rise: Halliburton jumps to the $35 level
Halliburton is on a 9 day bullish run gaining $5.57 (24.04%). yesterday's session pointed in the same direction — Halliburton ended Tuesday at $34.98. yesterday it went up to $37.12 only to drop back, yet still managed to close at $36.48. Daily trading volume (16.92 million shares) was slightly greater than the current multiday average of 12.86 million.
Surges for 9 days and gaining 16.07%: Hess Corporation hits new all-time high at $145.31
Hess Corporation lived up to expectations yesterday by maintaining its set course — Hess Corporation rose as high as $145.31 before giving up its gains and dropping back to $142.29 before the close on yesterday. Hess Corporation displays further gains following a recent trend of 9 days and $13.16. Daily trading volume (3.41 million shares) was higher than the current multiday average of 2.18 million.
Hess Corporation is currently trading with a market cap of $44 billion with an average daily volume of 2.18 million shares. Hess Corporation reached a significant high of $142.29 around a day ago but has lost 4.6% since then. So far in 2022, it has performed better than the Nasdaq by 136.65%. The stock has been trending positively for about 30 days.
Baker Hughes continues climbing, currently at $26.43: Baker Hughes hits $27, highest rate in 2 months
Yesterday's session pointed in the same direction — hesitant but grinding higher: Baker Hughes closed at $26.43 after ranging between $26.23 and $27. 9 days and $3.19 of gains are not enough for Baker Hughes. Yesterday's trading volume was 7.93 million shares which is slightly below the 21-day average of 8.77 million.
Baker Hughes has a market cap of $26.65 billion with an average daily trading volume of 8.77 million shares. Having set a significant high of $38.72 a month ago, Baker Hughes is trading 27.63% lower. So far in 2022, it has been outperforming the S&P by 30.66%. The stock has been trending positively for about 30 days. Baker Hughes has a forecast of $5.44 billion with an EPS of 24.81 cents.