3 up-trending stocks stuck in range-bound price action today

Published: January 25 2023, 19:20 GMT+0

3 up-trending stocks stuck in range-bound price action today

Lyft, Inc., National Instruments Corporation, Hayward Holdings, Inc. are at the top of this list of stocks on an uptrend.

Markets are currently flat. Nasdaq slipping 0.26% and closing at 11,300. S&P 500 trades sideways at 4,013.5.

This limbo state is reflected by market data published as Crude Oil Inventories in United States fell short of market expectations (971,000) with a reading of 533,000, continuing the decline from the previous figure of 8.41 million.

What is an uptrend?

An uptrend describes the price movement of a continuously appreciative financial asset over a particular time frame. In an uptrend, each successive peak and trough is higher than the ones found earlier in the trend. The uptrend is therefore composed of higher swing lows and higher swing highs.

| Lyft | 57.5% gain over 19 days

Lyft, Inc. gains 1.6% since the open around $14.94 after ending yesterday at $15.3, the urban mobility company recovers back to $15.54 after dipping down to $14.65 earlier today.

NI currently on a 13 day uptrend; gains $17.72 (+48.96%)

NI gains 0.22% since the open around $53.97 currently trading at $54.28, NI remains range-bound between $53.76 and $54.74. NI is scheduled to announce earnings results Tuesday. The consensus EPS estimate is 0.51 and the consensus revenue estimate is $453.89 million. Based on current prices, NI shareholders are currently earning an annual dividend yield of 2.06% after the company distributed a quarterly dividend of 28 cents per share for all eligible shareholders as of Monday, November 7th. The most recent payment was made on Monday, November 28th.

An 18 day uptrend, gaining 40.31%:

Hayward Holdings gains 0.31% since the open around $12.61 after dropping down to $12.52, the pool equipment vendor recovers some losses and is currently trading at $12.88.