For another vantage point, consider that verizon communications inc’s price has gone up 7 of the previous 14 trading days.
The change in price came along side change in volume that was down 6.28% from previous day, but up 2.85% from the monday of last week.
The price move occurred on stronger volume; specifically, yesterday’s volume was up 13.1% from the day prior, and up 3.47% from the same day the week before.
But i can't see how a growth etf is going to do well with negative growth forecast. "morgan stanley lowered its u.s. economic forecasts, saying social distancing measures and closures of nonessential businesses have spread to an increasing number of states…. …
For another vantage point, consider that intel corp’s price has gone up 7 of the previous 14 trading days.
V is always my favorite since its pattern is very well defined. (which means my prediction for v has high probability of winning).
This move happened on lower volume, as yesterday’s volume was down 18.22% from the day before — and down 13.73% from the same day the week before.
The price move occurred on volume that was up 7.19% from the day prior, but down 64.04% from the same day the week before.
Or to view things another way, note that out of the past 10 days oracle corp’s price has gone up 6 them.
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.