General Electric Co (GE) Up 4.22%, Price Base in Formation Over Past 90 Days; Eyes 20 Day Average
The price move occurred on volume that was up 13.51% from the day prior, but down 25.78% from the same day the week before.
Mega Cap US Stocks
Last Updated August 11, 2020 at 11:25 GMT
The instruments in the Mega Cap US Stocks asset class that made the biggest moves, on a percentage basis, over the past day were Boeing Co, General Electric Co, and Chevron Corp. 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.
Trend News
Over the past two weeks, the strongest trend has been on PROCTER & GAMBLE Co. 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 Alphabet Inc. 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 Jpmorgan Chase & Co and Citigroup Inc. 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, Exxon Mobil Corp may be of particular interest. It crossed its 20 and 100 day moving averages. Outside of Exxon Mobil Corp, other pairs that crossed notable moving average levels include Walmart Inc, Johnson & Johnson, Pepsico Inc, American International Group Inc, Boeing Co, Chevron Corp, Oracle Corp and At&T Inc; they crossed their 20, 20, 20, 20, 20, 20, 50 and 100 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 Wells Fargo & Company has perhaps the strongest trend. See the chart below.
Nvidia Corp (NVDA) Moves Down For the 2nd Day In A Row; in an Uptrend Over Past 14 Days
The price move occurred on stronger volume; specifically, yesterday’s volume was up 24.9% from the day prior, and up 40.94% from the same day the week before.
PROCTER & GAMBLE Co (PG) Heads Up For the 2nd Day In A Row; in an Uptrend Over Past 14 Days
Steady uptrend, but this week it looks like it's been on consolidation.
Alphabet Inc (GOOGL) Down 0.1%
This move happened on lower volume, as yesterday’s volume was down 25.89% from the day before — and down 37.11% from the same day the week before.
Home Depot Inc (HD) Heads Up For the 3rd Day In A Row
$Hd used to split, almost like clockwork, around $75 a share, so it's well over due……..
Facebook Inc (FB) 2 Day Up Streak Broken, in an Uptrend Over Past 14 Days; Bearish Engulfing Pattern Present
The change in price came along side change in volume that was down 58.43% from previous day, but up 62.87% from the monday of last week.
Walt Disney Co (DIS) Moves Down For the 2nd Day In A Row
This move happened on lower volume, as yesterday’s volume was down 47.07% from the day before — and down 12.29% from the same day the week before.
At&T Inc (T) Up 0.6%, Breaks Above 100 Day Average; Price Base in Formation Over Past 90 Days
As for how volume fared, yesterday’s volume was up 16.8% from the previous day (sunday), and up 33.61% from monday of the week before.
Verizon Communications Inc (VZ) Up 0.79%; Price Base in Formation Over Past 90 Days
Price action traders in particular will want to note that the 90 day period appears to show price forming a base; this could indicate that a support/resistance level is developing.
Comcast Corp (CMCSA) Up 0.49%; in an Uptrend Over Past 30 Days
The change in price came along side change in volume that was up 58.17% from previous day, but down 7.09% from the monday of last week.