EXTRACT RESOURCES SOARS 16.8%, BEATING 97% OF STOCKS March 14, 2008 16:00:00 AEST
Extract Resources (EXT), Australia's 23rd largest Diversified Metals & Mining company by market capitalisation, soared 17.0c (or 16.8%) to $1.18, ending a two-day streak of losses. In the Australian market of 2,093 stocks, the stock has a 6-month relative strength of 97 which means it is beating 97% of the market.
A price rise combined with a high relative strength is a bullish signal. Compared with the All Ordinaries Index which rose 72.8 points (or 1.4%) on the day, this represented a relative price change of 15.4%.
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