they reckon chances of stock going HIGHER to LOWER is 9.9 TO 1!!!!!!
28 October, 2009 16:00:00 AEST
Anglo Australian Resources drops 14.3% on high volatility Anglo Australian Resources (AAR.AU) traded between an intraday low of 3.60c and a high of 4.20c, suggesting a TRADING OPPORTUNITY between peaks and troughs. Since the start of trading its volatility (highest price minus lowest price/lowest price) of 16.7% was 2.4 times the average daily volatility of 7.0%, up from 5.0% on Tuesday and 12.8% on Monday. The stock price crashed 0.60c (or 14.3%) to close at 3.60c. Compared with the All Ordinaries index, which fell 67.6 points (or 1.4%) on the day, this was a relative price change of 12.9%.
Volume weighted price (VWP): the price is at a premium of 1.4% to the 1-month volume weighted average price (VWP) of 4.0c. Given that this premium has exceeded 1.4% sixty-nine times and been under 1.4% seven times in the last year.
the upside:downside probability is estimated at 69:7 or 9.9:1.
Cheers,
AAR Price at posting:
36.0¢ Sentiment: Buy Disclosure: Held
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