Puzzling Price Reaction : Citius Pharmaceuticals, Inc. (CTXR), WPP plc (WPP)

CTXR surged by $0.03 during the normal trading session on Monday and reaching a high of $0.47 during the day while it closed the day at $0.46. The Citius stock had a low trading volume of 0.12 million shares on that day, which is low compared to the average daily volume of 152.83M shares. CTXR has also lost 5.15% of its value over the past 7 days. However, the stock has declined by 56.59% in the 3 months of the year. Over the past six months meanwhile, it has lost 61.66% while it has lost 55.76% year-on date.

Shares in WPP plc (NYSE:WPP) jumped over 1.77 percent on Monday. The company’s stock began trading at $64.26 above the previous closing price of $63.14, and finished the day at $64.5. Let us now take a look at the stock’s potential support and resistance levels. The publicly traded company was seen to have slipped by -0.97% from its 3 months high price. However, taking another look at WPP will indicate that it is trading +12.57% away from its 90-day low. Looking at the bigger picture, the WPP plc stock has dropped by -0.97% from its 52-week high while it has surged by +28.21% from its 52-week low price.

Let us now take a quick look at the stock’s short, medium and long-term indicators. Composite Indicator shows that WPP stock was rated as a Buy by TrendSpotter. Its short-term indicators reveal that WPP has a 20-day average volume of 122650 shares. This has led to the WPP price forecast being placed as a 100% Buy on an average basis. In the medium term, however, the WPP stock has its 50-Day average volume of 141388 shares, with the indicators also rating it as a 100% Buy. Finally, in the long-term, the WPP stocks have a 100-Day average volume of 150576 shares, with the long-term indicators rating the stock as just 100% Buy. Looking at the three indicators, the WPP stock has been set on a 1 Buy rating.

Looking at the stock’s Technical analysis information over the past 50 days shows that its Raw Stochastic average stood at 91.8%. This figure is better than the company’s 20-day Raw Stochastic average which currently stands at 80.09%. Over the past 20 days, WPP’s Stochastic %K stood at 49.12% while its Stochastic %D was revealed to be 46.87%.