On Monday Dow Jones Industrial Average traded within the range of 17,551.28-17,644.97. The benchmark closed at 17,623.87, edging up 0.12% (21.57 points) on a daily basis. It has been the 21st gain in the past 35 trading days and also a seventh consecutive one. The daily high has been the highest level since December 30th 2015, when the Dow went up as high as 17,714.13. The blue-chip gauge has extended its advance to 6.70% so far during the current month.
Among the companies included in the benchmark, 15 posted a daily decline on Monday and 15 posted a daily gain. Shares of Chevron Corporation (CVX) recorded the worst performance within the Dow on March 21st, going down 1.28% to close at $96.44. It has been the 6th drop in the past 22 trading days and also the steepest one since March 8th. March 21st low of $95.91 per share has been a higher-low test of the low from last Friday. Chevron shares have trimmed their advance to 15.58% so far in March, following three consecutive months of decline.
Intel Corporation (INTC) was the second worst performer within the DJIA yesterday, depreciating 1.04% to close at $32.34 per share. It has been the 5th drop in the past 22 trading days. March 21st low of $31.95 per share has been the lowest price level since March 17th, when a low of $31.70 was recorded. The tech giant has trimmed its advance to 9.29% so far in March, following three consecutive months of decline. Intel lost 4.61% in February.
At the same time, the shares of Nike Inc (NKE) registered the most notable daily increase within the DJIA on March 21st, going up 2.75%, to close at $64.72, while marking their 14th gain in the past 22 trading days and also the steepest one since February 25th. March 21st high of $65.29 per share has been the highest price level since December 3rd 2015, when a high of $68.19 per share was reached. In addition, the daily volume (13.64M) has been the highest since February 8th. The athletic apparel manufacturer has added 5.08% to its value so far in March, following three successive months of decline. In February the stock lost 0.68%.
Pfizer Inc (PFE) was the second best performer within the Dow on Monday, appreciating 2.11%, to close at $30.07. It has been the 10th gain in the past 22 trading days, a third consecutive one and also the steepest one since March 11th. March 21st high of $30.12 per share has been the highest price level since March 14th, when a high of $30.34 per share was reached. Pfizer has added 1.35% to its value so far during the current month, following four consecutive months of decline. In February the stock went down 2.69%.
Daily and Weekly Pivot Levels
By employing the Camarilla calculation method, the Tuesday pivot levels for DJIA are presented as follows:
R1 – 17,632.46
R2 – 17,641.05
R3 (range resistance) – 17,649.63
R4 (range breakout) – 17,675.40
S1 – 17,615.28
S2 – 17,606.69
S3 (range support) – 17,598.11
S4 (range breakout) – 17,572.34
By using the traditional method of calculation, the weekly pivot levels for DJIA are presented as follows:
Central Pivot Point – 17,447.74
R1 – 17,775.14
R2 – 17,947.97
R3 – 18,275.37
S1 – 17,274.91
S2 – 16,947.51
S3 – 16,774.68
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