Stock Indices: Dow Jones reaches highs unseen in a month, United Technologies up over 4%

On Monday Dow Jones Industrial Average traded within the range of 16,417.13-16,663.28. The benchmark closed at 16,619.22, soaring 1.39% (227.23 points) on a daily basis. It has been the 6th gain in the past 15 trading days and also the sharpest one since February 17th. The daily high has been the highest level since January 7th, when the blue-chip gauge went up as high as 16,888.36.

Among the companies included in the benchmark, only 1 posted a daily decline on Monday and 29 posted a daily gain. Shares of Exxon Mobil Corporation (XOM) were the only ones to close lower on February 22nd, edging down 0.13% to $82.39. It has been the first drop in the past seven trading days. February 22nd high of $83.44 per share has been the highest price level since November 9th 2015, when a high of $83.60 per share was registered, while the daily volume (14.55M) has been the highest since February 18th. The petroleum products manufacturer has added 5.83% so far during the current month, following three successive months of decline.

At the same time, the shares of United Technologies Corporation (UTX) registered the most notable daily increase within the DJIA on Monday, going up 4.69%, to close at $92.37, while marking their 8th gain in the past 15 trading days. It has been the steepest daily gain in at least a year. February 22nd high of $94.91 per share has been the highest price level since January 5th, when a high of $96.00 per share was reached. Additionally, the daily volume (21.83M) has been the highest in at least 2 years. The technology provider has gone up 5.34% so far in February, following an 8.72% slump in January.

The UnitedHealth stock has been the second best performer within the Dow on Monday. UnitedHealth Group Incorporated (UNH) shares climbed 3.05% on the day to close at $121.27. It has been the 9th gain in the past 15 trading days, a second consecutive one and also the steepest one since January 29th. February 22nd high of $122.14 has been the highest price level since October 14th 2015, when UnitedHealth shares went up as high as $125.00. In addition, the daily volume (5.05M) has been the highest since February 8th. The health care benefits provider has appreciated 5.31% so far during the current month, following a 2.11% drop in January.

Daily and Weekly Pivot Levels

By employing the Camarilla calculation method, the Monday pivot levels for DJIA are presented as follows:

R1 – 16,641.78
R2 – 16,664.35
R3 (range resistance) – 16,686.91
R4 (range breakout) – 16,754.60

S1 – 16,596.66
S2 – 16,574.09
S3 (range support) – 16,551.53
S4 (range breakout) – 16,483.84

By using the traditional method of calculation, the weekly pivot levels for DJIA are presented as follows:

Central Pivot Point – 16,305.41
R1 – 16,598.42
R2 – 16,804.86
R3 – 17,097.87

S1 – 16,098.97
S2 – 15,805.96
S3 – 15,599.52