Molopo Energy hits 1 month high, for a 5 day rise of 10.7% on firm volume.
Molopo Energy, Australia’s 34th largest energy company by market capitalization traded at its 22 day high of $1.19. The stock advanced for a fifth consecutive day on Friday, its longest such streak since 12 April, 2010. The stock price rose 1.5c (or 1.3%) to close at $1.14.
Volatility: the stock traded between an intraday low of $1.13 and one month high of $1.19. The price range has expanded in the last two days (from 4c two days ago to 10c on Friday) which, accompanied by a price rise, is a BULLISH signal. Friday’s volatility of 5.3% was 4.0 times its average volatility of 1.3%. A price rise on high volatility is a BULLISH signal.
MPO Price at posting:
$1.14 Sentiment: LT Buy Disclosure: Held
