The 3 up-trending stocks that encountered falling markets Friday

Published: March 19 2023, 16:20 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 slipped 1.1% and closed 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. Trading volume totalled 1.61 million which equates to around 32% of the stock's 21-day average Friday.

Currently, the value-based primary care center network has a market capitalization of $8.70 billion with an average daily volume of 5 million shares. The value-based primary care center network has managed to gain 59.7% so far this year despite trading at lows around $14.11 previously. So far this year, it has been outperforming 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; jumps 6.45% Friday

After setting a $10.93 – $11.69 range, Gold Fields closed the day at $11.55 having risen 6.45%. Gold Fields jumps 6.45% to close at $11.55 Friday. Daily trading volume (16 million shares) increased, making up 290% of the 21-day average (5.52 million).

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

Wheaton Precious Metals Corp stayed on track Friday: Wheaton Precious Metals Corp rose $1.92 to close at $45.3 Friday which makes for a move of 4.43%. After setting a $43.63 – $45.73 range, Wheaton Precious Metals Corp closed the day at $45.3 having risen 4.43%. Daily trading volume (6.84 million shares) was above the current multiday average of 2.45 million.

The precious metals streaming company's market cap currently stands at $20.49 billion with an average daily trading volume of 2.45 million shares. Wheaton Precious Metals Corp hit a significant low of $29.08 around 5 months ago, but has since recovered 49.17%. So far this year, it has been under-performing the Nasdaq by 0.2%. Wheaton Precious Metals Corp expected revenue of $250.66 million with an EPS of 24 cents.

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