EXS 0.00% 26.0¢ exco resources limited

bullish signals

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    http://www.buysellsignals.com/BuySellSignals/report/Australia/Stock/PDF/Daily/Australia_pdf_807.pdf

    Exco Resources rises 4.0% on high volatility and expanding price range Exco Resources, Australia's 113th largest metals/mining company by market capitalisation, traded between an intraday low of 25.0c and a high of 26.0c. The price range has expanded in the last two days (from 0.50c two days ago to 1.0c today) which, accompanied by a price rise, is a bullish signal. Since the start of trading its volatility (highest price minus lowest price/lowest price) of 4.0% was 4.1 times the average daily volatility of 1.0%, up from 2.0% on Tuesday and 2.0% on Monday. A price rise on high volatility is a bullish signal. The stock price gained 1.0c (or 4.0%) to close at 26.0c, after a third day of trading unchanged at 26.0c. Compared with the All Ordinaries index, which rose 77.3 points (or 1.8%) on the day, this was a relative price change of 2.2%.

    Short-Term Rating (Technical): 5 out of 5
    Its short term rises have been combined with strong volume resulting in strong momentum rises over 1 day. Significantly its price of 26.0c is at a premium of 4% to its 200-day moving average price of 25.0c. Its 52-week range has been 36.0c to 17.50c; it is trading at a discount
    of 27.8 % to its 52-week high and a premium of 48.6 % to its 52-week low. $1,000 invested exactly one year ago is now worth $1,106 of which $106 is a capital gain.
    Recommended stop loss: 24.05c
 
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Currently unlisted public company.

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