The Hourly View for BAX
At the moment, BAX (Get Ratings)’s price is up $0.24 (0.28%) from the hour prior. It’s been a feast for bears operating on an hourly timeframe, as BAX has now gone down 4 of the past 5 hours. If you’re a trader with a preference for rangebound markets, you may wish to note that there isn’t a clear trend on the 20, 50 and 100 hour timeframes. Most noteworthy in the world of moving averages on the hourly chart is that the 20 hour moving average has been crossed, with price now being above it. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.
BAX’s Technical Outlook on the Daily Chart
At the time of this writing, BAX’s price is up $0.15 (0.18%) from the day prior. This move is a reversal from the day prior, which saw price move down. Regarding the trend, note that the strongest trend exists on the 50 day timeframe. Of note is that the 200 day changed directions on BAX; it is now pointing down. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. Baxter International Inc’s price action over the past 90 days can be seen via the chart below.
For BAX News Traders
Investors and traders in BAX may be particularly interested in the following story that came out in the past day:
Announcement of Periodic Review: Moody’s announces completion of a periodic review of ratings of Baxter International Inc.Global Credit Research – 12 Apr 2021New York, April 12, 2021 — Moody’s Investors Service (“Moody’s”) has completed a periodic review of the ratings of Baxter International Inc. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review discussion held on 7 April 2021 in which Moody’s reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. Since 1 January 2019, Moody’s practice has been to issue a press release following each periodic review to announce its completion.This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
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