Nasdaq index moves to a new intraday high

Technical Analysis

Author: Greg Michalowski | nasdaq

Up 0.44% on the day

The NASDAQ index has moved higher and trades to a new intraday high price at 13876.02. The low for the day was at 13784.89.

The current price is up 60.85 points or 0.44% at 13875.66 just off the high for the day. 

The Dow industrial average continues to lag. It is currently down -144.3 points or -0.41% at 34611.94.  Caterpillar is the biggest drag followed by Merck with declines of -1.91% and -1.61% respectively.

The S&P index is down -5.3 points or -0.13% at 4224.41. The Russell 2000 index is faring the best with a gain of about 31 points or 1.31% at 2316.39.

Looking at the hourly chart of the NASDAQ index, the index is testing the swing low from May 3 at 13883.60. The price gap below that level on May 4 and has not returned to it since today.  The price is still about -2.28% from the high price reached on April 29.

NASDAQ index

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