Vontier gains 2.06% within $25.48 to $26.22 daily range

Yesterday at a glance: Vontier rallied 53 cents (2.06%) deep into the session, closing at $26.21.

Technical analysis shows that Vontier Corporation could be slowing down soon as it approaches resistance at $26.46. Of course, crossing it might suggest further gains are ahead. Trend-following investors would be interested to note that Vontier made an initial breakout above its 21 day Simple Moving Average at $25.93, a potential indicator of a newly emerging bullish phase. Analysis based on the asset volatility indicates that Vontier's upper Bollinger Band® is at $27.14, this is a slight indication of a slowdown.

Overall, while Vontier has been on an uptrend, technical indicators suggest that it has no obvious direction for the immediate future.

A look at other technology stocks also showed bullish price action as AMD added 3.26% to its value, and traded at $95.48.

While Vontier was bullish yesterday, the following technology stocks underperformed: Apple lost 1.6% yesterday and closed at $162.03. Oracle retreats 1.84% yesterday to close at $95.52.

Yesterday's gains have given market bulls further impetus to expect strong macro data going forward, such as United States Crude Oil Inventories is projected to outperform its last figure with -1.3 million, having previously been at -3.74 million. The figure will be published tomorrow at 14:30 UTC.

The market is looking forward to the release of new data: United States Consumer Price Index figure is projected at 0.2%. It previously stood at 0.4%; data will be released tomorrow at 12:30 UTC. United States Core Consumer Prices figure is projected at 0.4%. It previously stood at 0.5%; data will be released tomorrow at 12:30 UTC.

Trading mostly sideways for 1 year, 5 months. The North Carolina manufacturing company has gained 34.45% since its lowest print of $16.71 earlier this year.