The instruments in the Mega Cap US Stocks asset class that made the biggest moves, on a percentage basis, over the past day were Facebook Inc, Intel Corp, and Alphabet Inc. The chart below illustrates. None of the moves in the past day were especially noteworthy in terms of their size relative to their volatility over the past 30 days.
Over the past two weeks, the strongest trend has been on Pepsico Inc. Alternatively, on a 90 day basis, the strongest trend appears on Nvidia Corp. Interestingly, a countertrend appears on the 14 day relative to the 90 day timeframe appears for Exxon Mobil Corp, Amazon Com Inc and Nvidia Corp. Trading against the 14 day trend in favor of the 90 day trend may be an opportunity some traders would favor on these pairs. Price action traders will also want to note that a base appears to be forming on Facebook Inc, Berkshire Hathaway Inc and Walt Disney Co. Price bases often precede increases in volatility and a clear trend.
Moving Averages In The Mega Cap Us Stocks World
For those who pay attention to moving averages, Merck & Co Inc may be of particular interest. It crossed its 20, 50 and 100 day moving averages. Outside of Merck & Co Inc, other pairs that crossed notable moving average levels include Berkshire Hathaway Inc, Walt Disney Co, Netflix Inc, Walmart Inc and Intel Corp; they crossed their 20, 50, 100, 200 and 200 day moving averages, respectively. From the perspective of the alignment of moving averages — meaning where moving averages are ordered by their duration — we see that Nvidia Corp has perhaps the strongest trend. See the chart below.