Gold - Gold - Gold. IMO A good announcement will see MCO Fly.
But DYOR as it could also go the other way...
Morning Star Gold strengthens above 50-day Exponential Moving Average Price Morning Star Gold, Australia's 25th largest gold company by market capitalisation, has strengthened above its trend. The price to 50-day EMAP ratio is 1.04, a bullish indicator. In the past 50 days this ratio has exceeded 1.04 24 times suggesting further upside. The 50-day EMAP has increased to 31.18c. An increase is another bullish indicator. The stock price added 1.0c (or 3.2%) to close at 32.50c, ending a three-day streak of losses. Compared with the All Ordinaries index, which rose 10.5 points (or 0.2%) on the day, this was a relative price change of 2.9%.
MCO Price at posting:
32.5¢ Sentiment: Hold Disclosure: Held
