The 3 up-trending stocks that encountered falling markets Friday

Published: March 19 2023, 08:20 GMT+0

The 3 up-trending stocks that encountered falling markets Friday

Oak Street Health, Inc., Gold Fields Limited, Wheaton Precious Metals Corp. are the ones to notice as they lead stocks on an uptrend.

Leading equity indices in the US declined as Dow Jones was down 1.19% before closing the session at 31,862. S&P 500 lost 1.1% and ended the session at 3,916.64.

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.

Oak Street Health continues a 25 day uptrend; moves 0.25% Friday

Friday's session put the brakes on the ongoing uptrend — Oak Street Health, Inc. moves 0.25% to close at $35.64 Friday. After setting a $35.45 – $35.7 range, Oak Street Health closed the day broadly flat at $35.64. The day's trading volume totalled 1.61 million shares — below the 21-day average of 5 million.

The US primary care network's market cap currently stands at $8.70 billion with an average daily trading volume of 5 million shares. The US primary care network has gained 59.7% since its lowest print of $14.11 earlier this year. So far this year, it has been beating the Nasdaq by 52.86%. The stock has been trending positively for about a month. Oak Street Health has a forecast of $570.64 million with an EPS of -62 cents.

Gold Fields continues a 5 day uptrend; rallies 6.45% Friday

Friday's session pointed in the same direction — Gold Fields rose 70 cents to close at $11.55 Friday which makes for a move of 6.45%. After setting a $10.93 – $11.69 range, Gold Fields closed the day at $11.55 having risen 6.45%. Daily trading volume (16 million shares) increased, making up 290% of the 21-day average (5.52 million).

Currently, the top-tier gold miner has a market capitalization of $10.32 billion with an average daily volume of 5.52 million shares. Gold Fields hit a significant low of $7.15 around 5 months ago, but has since recovered 51.75%. So far this year, it has been doing worse than the Nasdaq by 9.36%.

Wheaton Precious Metals Corp continues a 4 day uptrend; surges 4.43% Friday

After setting a $43.63 – $45.73 range, Wheaton Precious Metals Corp closed the day at $45.3 having risen 4.43%. Wheaton Precious Metals Corp rose $1.92 to close at $45.3 Friday which makes for a move of 4.43%. Daily trading volume (6.84 million shares) increased, making up 279% of the 21-day average (2.45 million).

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