- Price action is retreating from existing support around $350.47
- S&P Global made an initial breakout above its 200 day Simple Moving Average at $356.67, a potential indicator of a newly emerging bullish phase.
Stable at $357.91 and still trending upwards, Friday's session put the brakes on the ongoing uptrend — after ending Friday at $357.42, the financial analytics company recovers back to $357.91 after dipping down to $352.53 earlier today.
Having set a significant low of $286.62 a month ago, the financial analytics company is trading 24.7% higher.
S&P Global is climbing away and is now $7.44 from the $350.47 support line. S&P Global made an initial breakout above its 200 day Simple Moving Average at $356.67, a potential indicator of a newly emerging bullish phase.
Despite muted price action in S&P Global, chart analysis indicates it is positioned for a bullish run in the short term.
Meanwhile, mixed performances were seen by other financials stocks as Visa Inc. added 0.97% to its value, and traded at $213.79. Morgan Stanley traded at $90.91 after closing Friday's trading day at $89.93 (up 1.09%). HSBC Holdings gained 0.85%, as it traded at $29.72.