Equities gained in United States on Wednesday as the Dow Jones Industrial Average gained 0.64 percent or 81.21 points to settle at 12,756.96. Standard & Poor’s 500 index surged 0.87 percent or 11.40 points to close at 1,326.05 points while NASDAQ Composite index advanced 1.14 percent or 31.67 points to 2,818.31 for the day. The top performers of the day are as follows:
Caterpillar Inc (NYSE:CAT) jumped 2.60 percent to close at $109.05 in yesterday’s session. The traded volume stood at 10.62 million stocks as compared to its average volume of 7.97 million stocks per day. The stock price is trading at its extreme overbought level as per its relative strength index of 81.41 and also moved 15.33 percent above its 50-days simple moving average after yesterday’s surge.
E I Du Pont De Nemours And Co (NYSE:DD) surged 2.39 percent to close at $50.59 with traded volume of 8.175 million stocks. On average the stock price trades with volume figure of 7.06 million stocks per day. The stock is trading at its extreme overbought level as per its relative strength index of 75.77 and also moved 8.81 percent above its 50-days simple moving average after yesterday’s surge.
Alcoa Inc (NYSE:AA) gained 2.04 percent to close at $10.48 in yesterday’s session. Traded volume stood at 30.19 million stocks as compared to its average traded volume figure of 30.72 million stocks per day. Alcoa is overvalued by both technical and fundamental approaches as its relative strength index stands at 72.48 while price to earnings stands at 19.77 times.
