SHORT TERM COMMENTARY: Exco Resources Limited [Thursday 23 Sep....

SHORT TERM COMMENTARY:
Exco Resources Limited [Thursday 23 Sep. 2010]:
(Autocomments)

Exco Resources Limited is up by 5.56% yesterday from AUD 0.54 to AUD 0.57 In the last 10 days the price of Exco Resources Limited has been rising in a total of 6 out of 10 days, and is up by 16.33% over the past 2 weeks. Volume also increased last day along with the price which is positive technical sign, and in total there was traded 493 504 more shares than the day before. In total there were bought and sold 815 017 shares for approx. AUD 464 560.

3 MONTH TREND
Exco Resources Limited lays the middle of a strong rising trend on short term and further rise within the trend is signalized. Given the current short term trend the stock is expected to rise 185.9% during the next 3 months and with 90% probability hold a price between AUD 1.52 and AUD 1.66 at the end of this period.


Support/Resistance |s
Support 1: AUD 0.48 Resistance 1: AUD N/A
Support 2: AUD 0.47 Resistance 2: AUD N/A
Support 3: AUD 0.43 Resistance 3: AUD N/A